This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a person buries his money in his backyard, he is using money as a medium of exchange. a. True ... (Read 209 times)

cagreen833

  • Hero Member
  • *****
  • Posts: 544
on: Jun 30, 2018
If a person buries his money in his backyard, he is using money as a medium of exchange.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the FOMC purchases government bonds priced at 5,000 from a bond dealer who banks at National Bank, and if the reserve requirement is 20 percent, then the required reserves of National Bank:
 a. increase by 5,000.
  b. increase by 4,000.
  c. increase by 1,000.
  d. decrease by 5,000.
  e. decrease by 1,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joechoochoy

  • Sr. Member
  • ****
  • Posts: 306
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


cagreen833

  • Hero Member
  • *****
  • Posts: 544
Reply #2 on: Jun 30, 2018
Thank you :)


joechoochoy

  • Sr. Member
  • ****
  • Posts: 306
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

True Forget-Me-Not True Forget-Me-Not
Comparison of Alpha Modified Eagle’s Minimum Essential Medium with Dulbecco’s Modified Eagle’s ... Comparison of Alpha Modified Eagle’s Minimum Essential Medium with Dulbecco’s Modified Eagle’s ...
Flexible exchange rates are supposed to prevent long-term trade deficits. Flexible exchange rates are supposed to prevent long-term trade deficits.
Same pair of homologs, but with an exchange occurring between two nonsister chromatids Same pair of homologs, but with an exchange occurring between two nonsister chromatids
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Gas Exchange during Respiration Gas Exchange during Respiration
Video: Junction Types - Tight and Adherens Junctions

For a complete list of videos, visit our video library