A Fed purchase of gold, SDRs, a deposit denominated in a foreign currency or any other asset is just an open market ________ of these assets, ________ the monetary base

The decision by a nation to join a currency union is based on:

A) the size of the nation's GDP. B) the diversification of its industry and population. C) the cost of designing, printing, and managing a national currency. D) the costs of abandoning a national currency versus the benefits of a common currency.

Lowering the legal reserve requirement might not result in an increase in the money supply if

a. tax rates are also lowered at the same time b. tax rates are increased at the same time c. borrowers are unwilling to borrow the new funds the banks have available for loans d. borrowers are willing to borrow the new funds the banks have available for loans e. borrowers expand their borrowing because of the lower interest rates that banks offer