A $50 million discount loan by the fed will ______ the money supply by _______

• Increase; $50 million
• Increase; $50 million times the money multiplier
• Decrease; $50 million
• Decrease; $50 million times the money multiplier
• Increase; an amount between $0 and $50 million, depending on the fraction of the purchase the public wishes to hold as currency

In the simple deposit expansion model, a contraction in checkable deposits of $100m when the required reserve ratio is equal to 10 percent implies that the Fed

• Sold $10m in government bonds
• Sold $100m in government bonds
• Purchased $1,000m in government bonds
• Purchased $100m in government bonds

Over time, overall responsibility for formulating monetary policy has become increasingly concentrated in the

• Federal Reserve Bank of New York.
• Council of economic advisors
• Federal deposit insurance corporation
• Federal reserve board of governors