A weaker peso, relative to the US dollar, causes the demand for US exports to ______ and the demand of Mexican imports to______

When a primary dealer buys a government bond from the Federal Reserve, reserves in the banking system ________ and the monetary base ________, everything else held constant

A) increase; increases B) increase; decreases C) decrease; increases D) decrease; decreases

Which of the following tools of monetary policy is used least often?

A) open market operations B) setting the required reserve ratio C) setting the discount rate D) acting as a lender of last resort