1) If the Fed wants to increase money supply, it will ________ securities to ________ the market.

Select one:

a. sell; add reserves /money to

b. sell; remove reserves/money from

c. buy; add reserves/money to

d. buy; remove reserves/money from

2) The Federal Reserve entity that determines open market strategy is the

Select one:

a. Board of Governors.

b. Federal Open Market Committee.

c. Chairman of the Board of Governors.

d. Regional federal reserve banks.

e. A and D together