A decrease in the quantity of reserves held by commercial banks could be the result of
A) a decision by U.S. households to hold less currency.
B) the sale of government securities by the Federal Reserve.
C) a decrease in the government's budget deficit.
D) an increase in the exchange rate.
Question 2
Which of the following costs are part of a firm's opportunity costs? I. costs for resources bought in markets II. costs for resources the firm owns III. costs for resources supplied by the owner
A) I and II
B) I and III
C) I only
D) I, II, and III
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