Based on the information in the table, we can conclude that, in 1932, each of the following events occurred except: Currency held by public(in billions)Reserve-deposit ratioBank reserves (in billions)Money supply (in billions)December 1931$4.590.095$3.11$37.3December 1932$4.820.109$3.18$34.0
A. Banks were keeping more of their deposits in reserves, and making fewer loans.
B. The Federal Reserve injected reserves into the banking system.
C. The Federal Reserve conducted open-market sales of U.S. government bonds.
D. The public increased the amount of currency it held.
Answer: C
Economics
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Examples of comparative advantage show how trade between two countries can make each better off. Compared to their pre-trade positions, trade makes both countries better off because in each country
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