When the Federal Open Market Committee buys government securities:
a. the reserve requirement of banks decrease.
b. the reserve deposits of banks decrease.
c. the excess reserves of banks increase.
d. the federal funds rate increases.
e. the legal reserves of banks decrease.
c
Economics
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One of the weaknesses in pursuing the objective of profit maximization is that it ignores
A) the timing of cash flows. B) the time-value of money concept. C) the riskiness of cash flows. D) All of the above
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