If There Is No Discount Lending and the Fed Uses

question 11

Multiple Choice

If there is no discount lending and the Fed uses open market operations to lower the equilibrium federal funds rate, the _____ of reserves shifts to the

• A) demand, right.
• B) demand, left.
• C) supply, right.
• D) supply, left.

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Definitions:

Visual Field

The total area in which objects can be seen in the peripheral vision while the eye is focused on a central point.

Advanced Glaucoma

A stage of glaucoma where significant vision loss has occurred due to damage to the optic nerve, often with severity that cannot be reversed.

Peripheral Vascular Disease

Peripheral vascular disease is a circulatory disorder that causes blood vessels outside the heart and brain to narrow, block, or spasm.

Macular Degeneration

A medical condition that leads to the deterioration of the central portion of the retina, resulting in loss of central vision.