A. Gold. B. U.S. currency in circulation. C. U.S. Treasury bills.
单项选择题Assume that the reserve requirement is 20 percent and banks currently have no excess reserves. If excess reserves stay at zero and the Federal Reserve buys $100 million of Treasury bills from the public, the money supply would increase by:()
A. $20 million. B. $100 million. C. $500 million.
单项选择题In a full employment economy, the quantity theory of money states that any increase in the sup ply of money will lead to:()
A. increased prices. B. increased velocity. C. increased production.