If a person buries his money in his backyard, he is using money ...

[cagreen833]

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.

[joechoochoy]

Answer to Question 1

False

Answer to Question 2

c

[cagreen833]

Thank you

[joechoochoy]

Happy to help you