Refer to the figure below.If the Federal Reserve wants to set the nominal interest rate at 1%, it must conduct open market ______ to set the money supply at _____.
A)purchases; 300
B)sales; 100
C)purchases; 900
D)sales; 900

Question

Refer to the figure below.If the Federal Reserve wants to set the nominal interest rate at 1%, it must conduct open market ______ to set the money supply at _____. 
A)purchases; 300 
B)sales; 100 
C)purchases; 900 
D)sales; 900

Quizplus · Accepted Answer

The Answer of Refer to the figure below.If the Federal Reserve wants to set the nominal interest rate at 1%, it must conduct open market ______ to set the money supply at _____. 
A)purchases; 300 
B)sales; 100 
C)purchases; 900 
D)sales; 900

Refer to the Figure Below