Which of the following would have the effect of increasing the money supply a Raising the reserve requirement b Raising the discount rate Lowering the federal funds rate Selling some
.Which of the following would have the effect of increasing the money supply?
a.Raising the reserve requirement
b.Raising the discount rate
c.Lowering the federal funds rate
d.Selling some of the Fed's U.S. Treasury securities
Which of the following is not one of the three purposes served by money?
a.Serving as a medium of exchange
b.Serving as a store of value
c.Providing a means for regulators to track economic activity
d.Providing a standard of value
Members of the Board of Governors of the Federal Reserve are:
a.appointed by the outgoing chairman of the Board of Governors, and confirmed by Congress.
b.appointed by the President of the United States.
c.elected by the stockholders of the eight largest banks in the United States.
d.appointed by the Treasury Secretary.
Money serves as a medium of exchange. This means that you can:
a.use money to buy goods and services, and accept it as payment for the goods and services you sell.
b.hold on to money to use at a later time.
c.compare values across several items by looking at the prices in terms of money.
d.increase the economic growth rate in the long run, by printing more money.
Which of the following is not one of the main goals of monetary policy?
b.Smoothing out the business cycle
c.Ensuring financial stability
d.Balancing the federal budget