If the Fed sells government securities to a member of the nonbank public, then the resulting effect on the quantity of money is
A) that there is no change in the quantity of money.
B) much larger than if the securities were sold to a bank.
C) much smaller than if the securities were sold to a bank.
D) the same as if the securities were sold to a bank.
E) None of the above answers is correct.
D
Economics
You might also like to view...
In order to calculate consumer surplus in a market, we need to know willingness to pay and price
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following steps does an economist take when studying the economy?
a. devise theories b. collect data c. analyze data d. All of the above are correct.
Economics