Author Question: Goodyear benefitted when the Federal Reserve ________ in 2008. This Fed action would help increase ... (Read 38 times)

folubunmi · **on:** Jun 29, 2018

Goodyear benefitted when the Federal Reserve ________ in 2008. This Fed action would help increase demand for its tires, which allowed Goodyear to increase employment and increase prices.

A) implemented a series of open market sales of Treasury bonds
B) drove down interest rates
C) increased the discount rate
D) lowered the required reserve rate

Question 2

Economists estimate that ________ of U.S. currency is outside the United States and held primarily by ________.

A) less than one quarter; foreign banks and foreign governments
B) over half; households and firms in countries where there is little confidence in the local currency
C) over half; foreign banks and foreign governments
D) less than one quarter; households and firms in countries where there is little confidence in the local currency