Goods x and y are available to Jeff. At Jeff's optimum, the marginal utility per dollar spent on good x equals __________________

If the Fed decides to use an open market operation to reduce the money supply by $1 million, and if the money multiplier is 10, then what total amount of Treasury securities must the Fed initially sell?

a. $10,000,000. b. $1,000,000. c. $100,000. d. $10,000.

Derivatives are securities that derive their values from the values of underlying investments

a. True b. False Indicate whether the statement is true or false