If the Fed sells government securities to the general public in the open market, the ________.
A. public gives the securities to the Fed in exchange for a Fed check, which when deposited at commercial banks will increase their reserves at the Fed
B. Fed gives the securities to the public; the public pays for the securities by writing checks that when cleared will decrease commercial bank reserves at the Fed
C. Fed gives the securities to the public; the public pays for the securities by writing checks that when cleared will increase commercial bank reserves at the Fed
D. public gives the securities to the Fed in exchange for a Fed check, which when deposited at commercial banks will decrease their reserves at the Fed
Answer: B
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If the probability a firm is being embezzled is 2 percent and the estimated potential cost to the firm from embezzlement is $100,000, what is the expected cost of the embezzlement?
A) -$2,000 B) $200 C) -$200 D) $2,000
The market supply curve for any product:
a. always depends on the market demand for that product. b. depends on the general income level of the consumers in the market. c. is a summation of individual firms' supply curves. d. equals the total revenue generated through sale of the commodity. e. is affected by the prices of related products.
The MPC is
A. .1.
B. .2.
C. .3.
D. .4.
Positive economics concerns
a. reflections of a country's values b. judgments on the merit of an economic outcome c. statements of fact concerning the economy d. analysis of what ought to be e. analysis of all good or positive market outcomes