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Author Question: Because Federal Reserve Notes (paper currency) are legal tender A) U.S. creditors must accept ... (Read 63 times)

panfilo

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on: Jun 29, 2018
Because Federal Reserve Notes (paper currency) are legal tender
 
  A) U.S. creditors must accept them in payment of debts.
  B) U.S. workers must accept them as payment for labor services.
  C) U.S. firms must accept them as payment for goods and services.
  D) All of he above are correct.

Question 2

When the Federal Reserve decreases the money supply, at the previous equilibrium interest rate households and firms will now want to
 
  A) sell Treasury bills. B) hold less money.
  C) neither buy nor sell Treasury bills. D) buy Treasury bills.


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scikid

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


panfilo

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

lkanara2

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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