Transactions costs are:
A. the time and energy involved with creating an exchange.
B. often cited as a reason why purchasing power parity doesn't hold.
C. usually higher when transactions take place internationally.
D. All of these statements are true.
D. All of these statements are true.
Economics
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When the Fed wants to increase the US money supply, it will usually buy US treasury bonds from banks
a. true b. false
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An open market purchase of Treasury securities by the Federal Reserve causes the reserves of banks to rise
Indicate whether the statement is true or false
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