The immediate effect of a member bank's sale of U.S. government securities to the Fed is a(n):
a. increase in that bank's required reserves.
b. decrease in that bank's required reserves.
c. increase in that bank's excess reserves.
d. decrease in that bank's excess reserves.
e. decrease in the Fed's assets.
c
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The future of the U.S as leader of the economic world:
a. is likely to continue for generations to come b. will be sustained in the next generation, but not beyond c. requires U.S. action in several critical economic areas d. requires a return of manufacturing to the U.S.
A demand shift affects
A. buyers' willingness to purchase at the equilibrium price only. B. sellers' willingness to sell at various prices. C. sellers' willingness to sell at the equilibrium price only. D. buyers' willingness to purchase at various prices.