Which of the following policies is NOT in the Fed's monetary toolbox?
a. Buying government bonds
b. Increasing the quantity of reserves
c. Lending reserves to banks
d. Issuing a bank run
d
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People in a certain group have a 0.3% chance of dying this year. If a person in this group buys a life insurance policy for $3,300 that pays $1,000,000 to her family if she dies this year and $0 otherwise, what is the expected value of a policy to the insurance company?
A) $0 B) $300 C) $3,000 D) $3,300
Use the indifference curves and the budget lines in Figure 19.3 to answer the indicated question. Assume the price of Y is $1 per unit. In Figure 19.3, given an income of $30 and a price for good Y of $1, which of the following two points represent optimal consumption?
A. A when the price of X is $1 and D when the price of X is $3. B. A when the price of X is $3 and C when the price of X is $1. C. B when the price of X is $1 and D when the price of X is $3. D. B when the price of X is $1 and C when the price of X is $3.