A currency drain is
A) when the Fed buys securities, but it is not when the Fed sells securities.
B) when the Fed raises the required reserve ratio.
C) an increase in currency held outside banks.
D) when the Fed either buys or sells securities.
E) when the Fed sells securities, but it is not when the Fed buys securities.
C
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In the above figure, when the price of a gallon of gasoline falls, which points in the above figure are used to derive points on the consumer's demand curve for gasoline?
A) points A and B B) points A and C C) points B and C D) points A, B, and C
The EU countries were prompted to seek closer coordination of monetary policies and greater exchange rate stability in order
A) to enhance Europe's role in the world monetary system. B) to turn the European Union into a truly unified market. C) both to enhance Europe's role in the world monetary system and to turn the European Union into a truly unified market. D) both to turn the European Union into a truly unified market and to counter the rise of Japan in international financial markets. E) to homogenize all European cultures.