A bank can get additional excess reserves by doing any of the following, except:
A. Borrowing from other banks
B. Buying Treasury securities from the Fed
C. Receiving additional deposits
D. Borrowing from the Fed
B. Buying Treasury securities from the Fed
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If the forward exchange rate of the yen in terms of dollars is greater than the spot exchange rate,
A) Japanese interest rates must be higher than U.S. interest rates. B) U.S. interest rates must be higher than Japanese interest rates. C) market participants must be expecting the dollar to appreciate against the yen. D) market participants must be expecting the dollar to depreciate against the yen.
Government purchases in national income accounts would include payments for ________.
A. unemployment benefits B. salaries for current U.S. military officers C. public assistance for welfare recipients D. Social Security checks to retirees