When the U.S. Treasury purchases gold and then replenishes its deposit in the Fed the effect is that __________ and __________
A) reserves increase; gold certificates increase
B) reserves decrease; gold certificates increase
C) gold certificates increase; Treasury deposits increase
D) gold owned by the Fed increases; Treasury deposits increase
C
Economics
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The type of credit insurance that landed AIG into trouble in 2008 is called
A) insurance rate swaps. B) monoline insurance. C) default insurance. D) credit default swaps.
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Marginal revenue is
a. total revenue minus total cost b. total revenue divided by quantity of output c. the change in total revenue divided by the change in output d. the change in total revenue divided by the change in the quantity of an input used e. economic profit
Economics