If float is predicted to increase because of bad weather, the manager of the trading desk at the New York Fed bank will likely conduct ________ open market operations to ________ reserves

Refer to Scenario 12.1. What is the probability of Paula trying to rescue the man and Simon not helping?

A) 9% B) 21% C) 49% D) 70%

If money is declared to be legal tender, it must be

A) minted from a precious metal. B) acceptable to citizens of foreign countries. C) possible to exchange it for an equivalent amount of precious metal. D) accepted to settle private transactions and it must be used in paying taxes.