The Continental Congress faced several constraints in its effort to finance the Revolutionary War. The largest source of funds for the War was:

Which of the following institutions has the responsibility for distributing currency and coins to the U.S. banking system?

A) the Office of the Comptroller of the Currency B) the Federal Reserve System C) the U.S. Bureau of Engraving and Printing D) the U.S. Treasury Department

If the Fed buys a T-bill from an individual rather than from a bank, the effect on the money supply is

a. smaller because there is no multiplier process. b. larger because of the multiplier process. c. the same. d. impossible to predict without knowing the value of the multiplier.