Money's medium of exchange function helps to compute the real value of labor

In the market for reserves, if the federal funds rate is between the discount rate and the interest rate paid on excess reserves, a ________ in the reserve requirement ________ the demand for reserves, lowering the federal funds interest rate,

everything else held constant. A) rise; decreases B) rise; increases C) decline; increases D) decline; decreases

The part of the Federal Reserve System that determines monetary policy actions is the

A) District Bank Board. B) Federal Deposit Insurance Corporation (FDIC). C) Federal Open Market Committee. D) Comptroller's Office.