The Biggest Change in the Federal Reserve's Balance Sheet Between

question 14

Multiple Choice

The biggest change in the Federal Reserve's balance sheet between March 2007 and May 2013 was the __________ on the __________ side of the balance sheet.

• A)increase in gold; asset
• B)jump in depository institution deposits; liability
• C)increase in currency outstanding; liability
• D)decrease in repurchase agreements; asset

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Definitions:

Categorical Imperative

A concept in moral philosophy developed by Immanuel Kant that acts as a universal rule, requiring individuals to act in a way they wish all others would follow.

Moral Obligations

Ethical duties or commitments that arise from principles of right and wrong behavior.

Desires

Strong feelings of wanting or wishing for something to happen or be obtained.

Maxim

A general truth, fundamental principle, or rule of conduct expressed in a concise and often pithy statement.