An open market purchase by the Fed
A) increases the total amount of reserves in the banking system.
B) causes the reserve requirement to fall.
C) does not change the total amount of reserves in the banking system.
D) decreases the total amount of reserves in the banking system.
A
You might also like to view...
The office of the Federal Reserve Bank of New York charged with implementing Federal Reserve open market policy actions is known as the
A) Open Market Coordination Office. B) Open Market Cooperation Office. C) Response Desk. D) Trading Desk.
In Figure 3.1, which figure shows a situation that is perfectly elastic?
A. Figure 1 B. Figure 2 C. Figure 3 D. Figure 4
Suppose Chip's Chips produces bags of potato chips. An example of a variable cost for this firm would be:
A. the potato peeling machine. B. the factory building. C. the deep fryer. D. None of these is an example of a variable cost.
Information supplied to consumers by the government rarely ever helps in making better decisions
a. True b. False Indicate whether the statement is true or false