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Author Question: If a person buries his money in his backyard, he is using money as a medium of exchange. a. True ... (Read 241 times)

cagreen833

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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.


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joechoochoy

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


cagreen833

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Reply #2 on: Jun 30, 2018
Thank you :)


joechoochoy

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Reply #3 on: Jun 30, 2018
Happy to help you


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