During the Christmas holiday season, the Fed increases the supply of currency to:
a. ensure that checks are cleared quickly.
b. meet the demand for cash withdrawals from banks.
c. stabilize the value of the dollar against other currencies.
d. decrease the value of bonds.
e. control inflation.
b
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When the price of beef rises, consumers switch consumption to substitutes such as chicken and fish, thereby decreasing the demand for beef
Indicate whether the statement is true or false
Nearly 80 percent of the federal government receipts come from
a. individual and corporate income taxes. b. individual income taxes and social insurance revenues. c. corporate income taxes and excise taxes. d. individual income taxes and excise taxes.
The sum of the components of aggregate expenditure that vary with real GDP is called
What will be an ideal response?
What is economic growth?
What will be an ideal response?