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Please help with questions 6-10 6. The Board of Governors of the FED: a. must be confirmed by the US House d. all of the
Please help with questions 6-10
6. The Board of Governors of the FED: a. must be confirmed by the US House d. all of the above b. have life terms e. none of the above c. are appointed by the US President 7. If the FOMC sells securities on the market, then: a. the monetary base increases d. the money supply increases b. the monetary base falls e. none of the above C. government spending rises 8. If banks hold more excess reserves then: a. the monetary base rises d. all of the above b. the money supply falls e. none of the above c. the expansion of deposits grows 9. The Chair of the FED, Jerome Powell right now, a. is a member of the Board of Governors d. all of the above b. has a four-year term as Chair e. none of the above C. is a member of the Federal Open Market Committee (FOMC) 10. The discount rate is the rate the FED: a. pays the public for deposits d. all of the above b. charges commercial banks for loans e. none of the above c. sets for government bond salesStep by Step Solution
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