Which of the following have the same impact on the Fed's balance sheet?
A. An increase in loans by the Fed to banks and a decrease in foreign exchange reserves
B. An open market purchase and an increase in loans by the Fed to banks
C. An open market sale and an increase in foreign exchange reserves
D. An open market purchase and a decrease in foreign exchange reserves
Answer: B
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Which costs of inflation could the government take action to reduce without reducing inflation?
a. shoeleather costs b. unintended changes in tax liabilities c. menu costs d. none of the above is correct.
Which of the following is the kind of decision that can be made at the margin:
a) whether or not to hire new workers b) whether or not to go on a vacation c) whether or not to build an extra room on a home d) whether to have a dog or a cat as a pet
Refer to the graphs shown. The curve that best demonstrates the law of demand is:
A. I. B. II. C. III. D. IV.
The high transaction costs associated with a barter system refers to the:
A. fact that, often times, these exchanges are taxed by governments. B. cost of drawing up complete contracts. C. risk associated with having to carry an inventory of goods to trade. D. high cost associated with finding someone with whom to exchange.