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Loraine Loraine
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8 years ago
The Fed buys $100 million U.S. government securities from Bank of America. Bank of America's balance sheet shows this transaction as ________ in total assets and ________ in reserves.
A) no change; a $100 million decrease
B) no change; a $100 million increase
C) a $100 million increase; no change
D) a $100 million increase; a $100 million increase
E) a $100 million decrease; a $100 million decrease
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 249 times
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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8 years ago
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#2
8 years ago
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile
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