Which of the Following Best Describes the Consequences of Open

question 65

Multiple Choice

Which of the following best describes the consequences of open market sales conducted by the Bank of Canada?

• A)Bank reserves increase and the money supply increases.
• B)Bank reserves increase and the money supply decreases.
• C)Bank reserves decrease and the money supply increases.
• D)Bank reserves decrease and the money supply decreases.

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Definitions:

King Cotton Diplomacy

The Confederate strategy during the American Civil War to withhold cotton exports to coerce Britain and France into recognizing the Confederacy.

First Geneva Convention

A treaty signed in 1864 aiming to ensure the care of the wounded in wartime on land, establishing humanitarian rules of war.

Clara Barton

Known as the founder of the American Red Cross, she was a pioneering nurse who provided care in the Civil War and was instrumental in improving the medical care system.

Endorse

To publicly or officially support a candidate, policy, or product.