Economics for Today 9th Edition by Irvin Tucker

تمرين 24

Assume all banks in the system are identical to Best National Bank in Exhibit 5. A $1,000 open market sale by the Fed would
A) expand the money supply by $1,000.
B) expand the money supply by $15,000.
C) contract the money supply by $1,000.
D) contract the money supply by $5,000.
EXHIBIT 5 Balance Sheet of Best National Bank