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vellojo vellojo
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Posts: 2982
Rep: 4 0
7 years ago
When the Fed sells one million dollars in government securities to a commercial bank,
A) there is no change in the total assets of the Fed or the commercial bank.
B) the commercial bank's total assets decrease by one million dollars.
C) the Fed's total assets increase by one million dollars.
D) None of the above answers is correct.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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Answer verified by a subject expert
amishamish
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Posts: 475
7 years ago
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vellojo Author
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7 years ago
I went through a flood of websites until I signed up here lol Glad I did
Studying economics @ Edinburgh U
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