Refer to Table 9-7. The table shows entries on the balance sheets for the Federal Reserve and the banking system above. These balance sheet entries are consistent with
A) an open market sale of $1,500 in bonds.
B) an open market purchase of $1,500 in bonds.
C) neither an open market sale nor an open market purchase.
D) either an open market sale or an open market purchase.
Ans: A) an open market sale of $1,500 in bonds.
Economics
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