Money functioning as a medium of exchange results in an increase ...

[Coya19@aol.com]

Money functioning as a medium of exchange results in an increase in transactions costs.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The buying and selling of government bonds by the FOMC constitutes:
 a. an open market operation.
  b. a federal funds adjustment.
  c. a discount rate adjustment.
  d. a change in the reserve requirement.
  e. sterilization of the money supply

[mtmmmmmk]

Answer to Question 1

False

Answer to Question 2

a

[Coya19@aol.com]

YES! Correct, THANKS for helping me on my review

[mcarey591]

Thanks for the timely response, appreciate it