If Treasury deposits at the Fed are predicted to ________, the manager of the trading desk at the New York Fed bank will likely conduct ________ open market operations to ________ reserves

Which of the following is NOT a function of money?

A) medium of stored value B) standard of deferred payment C) unit of accounting D) store of value

Since the late 1990s, to prevent the yuan from appreciating against the U.S. dollar, the Chinese central bank

A. has purchased Chinese government bonds. B. has been trying to hold euros and British pounds as foreign assets. C. has been buying dollars and selling yuan in the foreign exchange market. D. has been selling foreign assets to replenish its dollar reserves.