The currency drain reduces the amount of
A) reserves available to banks to make loans.
B) currency the Fed has outstanding in the economy.
C) currency available for banks to borrow from the Fed.
D) the monetary base.
E) open market operations the Fed can make.
A
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Which of the following is accurate concerning the nature of international law?
a. It regulates all matters and relations between states. b. It addresses a narrow range of issues that arise between states. c. It has traditionally been regarded as harmful to elite superpowers. d. It is a set of rules and obligations that states recognize as binding on each other.
An expansionary fiscal policy is likely to result in the Treasury
A) selling more bonds, the prices of bonds falling, and interest rates falling. B) buying more bonds, the prices of bonds rising, and interest rates falling. C) selling more bonds, the prices of bonds rising, and interest rates rising. D) selling more bonds, the prices of bonds falling, and interest rates rising.