Refer to the Table Below

question 144

Multiple Choice

Refer to the table below. The amount of currency held by the public ______, and the amount of reserves held by banks ______. It must be the case that, in 1932, the Federal Reserve ______.

• A) increased; also increased; increased the discount rate
• B) decreased; also decreased; kept the rate of inflation low
• C) decreased; increased; performed open-market operations
• D) increased; also increased; injected reserves into the economy