6. The Fed's most important instrument of monetary policy is which of the following?

Group of answer choices

Conducting open market operations

Changing the required reserve ratio

Changing the discount rate

Printing new paper currency

7. ___________ is the most important constraint on bank lending under normal conditions.

Group of answer choices

Capital constraints

Loan demand

The required reserve ratio

The target reserve ratio

8. The U.S. money stock (M2) includes which of the following?

Group of answer choices

One trillion dollars worth of U.S. government securities held by the Fed

A quarter received by a child for doing the dishes

A corporation's deposit of $1 billion in Bank of America

A quarter received by a child for doing the dishes and A corporation's deposit of $1 billion in Bank of America

9. How is the equation of exchange correctly depicted?

Group of answer choices

MQ = PV

MV = PQ

P = Q/MV

MV = P/Q

10. Government securities appear as _________ and currency appears as _________ on the balance sheet of the Federal Reserve System.

Group of answer choices

a liability; a liability

a liability; an asset

an asset; a liability

an asset; an asset