Write the formula to find the present value of $750 to be paid in 5 years if the interest rate is 3 percent

A decrease in the discount rate will

A) have an unclear effect on the money supply. B) decrease the money supply. C) increase the money supply. D) not affect the money supply.

For most of the Fed's history, the Fed:

A. found banks would borrow from the Fed far more often than they would borrow in the federal funds market. B. tied the discount rate to the rate on Treasury securities. C. was very lenient in making discount loans. D. lent reserves at an interest rate below the target federal funds rate.