If banks do not have enough reserves to satisfy the reserve requirement, they can
A. Lend additional reserves in the federal funds market.
B. Buy securities.
C. Sell securities.
D. Pay off discount loans at the Federal Reserve bank.
Answer: C
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Generally speaking, by 1860 which of the following groups could not vote in the U.S.?
a. white male citizens b. black males in New York and New England c. alien males in the agricultural Northwest d. white women in the North
In the 1990s, the price level in Japan fell relative to the price level in the United States. If the exchange rate did not change, one would expect that:
A. both U.S. exports to Japan and U.S. imports from Japan would rise. B. U.S. exports to Japan would decline and U.S. imports from Japan would rise. C. both U.S. exports to Japan and U.S. imports from Japan would fall. D. U.S. exports to Japan would rise and U.S. imports from Japan would decline.
The higher the expected rate of inflation,
A. the higher the real and nominal rates of interest. B. the higher is the real rate of interest. C. the lower is the nominal rate of interest. D. the lower is the real rate of interest.
When increased demand raises the price of the product, the
A) marginal revenue product will also increase. B) marginal revenue product will fall. C) marginal revenue product will remain unchanged. D) sales will fall.