Assuming the Federal Reserve makes an open-market purchase of a ...

[ereecah]

Assuming the Federal Reserve makes an open-market purchase of a government security worth 10,000 . By writing a check to pay for this security, the Federal Reserve
 
  a. reduces the balance of its assets by 10,000.
  b. reduces the balance of its liabilities by 10,000.
  c. neither reduces the balance of its assets nor the balance of its liabilities by 10,000.
  d. creates a new 10,000 liability against itself.
  e. both c and d are correct.

Question 2

The Board of Governors of the Federal Reserve System is responsible for
 
  a. approving changes in the discount rate.
  b. controlling monetary policy.
  c. administering discount lending.
  d. Both a and b
  e. All of the above

[Liamb2179]

Answer to Question 1

E

Answer to Question 2

A

[ereecah]

Thank you

[Liamb2179]

No problemo