Table 29-1 Effects of an Open-Market Transaction on the Balance Sheets of Sheets

question 13

Multiple Choice

Table 29-1
Effects of an open-market transaction on the balance sheets of banks and the fed (in millions of dollars) ​
-In Table 29-1, the Federal Reserve System has

• A)sold $10 million in government securities to banks, taking payment in cash.
• B)sold $10 million in government securities to banks, taking payment from the bank's reserves.
• C)purchased $10 million in government securities from banks, paying for them with increases in banks' reserves.
• D)purchased $10 million in government securities from banks, paying for them with new Federal Reserve notes.

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