The Citizens First Bank sells $100,000 of government securities to the Fed.This sale immediately
A) decreases the quantity of money.
B) decreases the bank's checkable deposits.
C) increases the bank's reserves.
D) decreases the bank's assets.
E) increases the bank's required reserves.
Correct Answer:
Verified
Q295: As a result of the Fed's actions
Q296: Excess reserves are the
A)same as the required
Q297: An increase in the currency drain ratio
A)decreases
Q298: An increase in the currency drain ratio
A)decreases
Q299: If the Fed buys government securities,then
A)the quantity
Q301: If the desired reserve ratio decreases,then
A)banks' desired
Q303: If the Fed buys a $100,000 government
Q304: If the desired reserve ratio increases,then
A)banks' desired
Q473: What is barter? What is a double
Q476: "Even though we can convert them into
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