Which of the following actions by the Fed would increase the money supply?
a. Reducing the required reserve ratio.
b. Selling bonds in the open market.
c. Increasing the discount rate.
d. None of these.
a
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Which of the following statements is TRUE?
A) There is a direct relationship between investment and the interest rate. B) There is an inverse relationship between investment and the interest rate. C) Investment is always less than savings. D) There is no relationship between investment and the interest rate.
____________ also known as cash cards are computerized banking transactions, they remove money directly from your account
a. Credit cards b. Debit cards c. Smart cards d. Access cards
People do not usually behave in a noncooperative fashion even when it is in their immediate interest to do so because
A) they realize such behavior is immoral. B) they know there can be 2 winners. C) they know they will have repeated dealings with the other people. D) they understand the difficulties with game theory.
In managerial economics, agency costs refer to
a. booking travel arrangements b. model and actor representation c. imperfections in dealing with those hired d. foreign espionage