If a bank receives a $20 million discount loan from the Federal Reserve, then the bank's reserves will

A) not change.
B) increase by $20 million.
C) increase by less than $20 million.
D) increase by more than $20 million.


Answer: B

Economics

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The impact of a decrease in the wage rate on labor supply will be represented by ________, assuming all else equal

A) a rightward shift of the labor supply curve B) an upward movement along the labor supply curve C) a leftward shift of the labor supply curve D) a downward movement along the labor supply curve

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A decrease in autonomous consumer expenditure causes the equilibrium level of aggregate output to ________ at any given interest rate and shifts the ________ curve to the ________, everything else held constant

A) rise; LM; right B) rise; IS; right C) fall; IS; left D) fall; LM; left

Economics

In a market, the price of any good adjusts until quantity demanded equals quantity supplied

a. True b. False Indicate whether the statement is true or false

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The labor force includes

A. All persons over the age 21 who are either working for pay or actively seeking paid employment. B. All persons over the age 21 who are working for pay. C. All persons over the age 16 who are either working for pay or actively seeking paid employment. D. All persons over the age 16 who are working for pay.

Economics