If a 1 percent decrease in the price of a pound of oranges results in a smaller percentage decrease in the quantity supplied

Diversification is most effective in reducing:

A) market risk B) systemic risk C) idiosyncratic risk D) all forms of risk

If the Fed buys securities worth $10 million, then

A) bank reserves will increase by $10 million. B) bank reserves will decrease by $10 million. C) currency in circulation will increase by $10 million. D) bank holdings of securities increase by $10 million.