If Bank a Sells a $100,000 U

question 15

Multiple Choice

If Bank A sells a $100,000 U.S. Treasury bond to the Fed, Bank A's excess reserves will:

• A) increase by less than $100,000.
• B) not change.
• C) decrease by less than $100,000.
• D) increase by $100,000.

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Definitions:

Vice President

The second-highest executive officer in the United States government, who acts as the President's deputy and assumes the presidency upon the President's death, resignation, or incapacitation.

Presidency

The office and function of the President, typically referring to the leadership of a country or organization.

Presidential Succession

The order in which officials of the United States government assume the presidency in case of the president's death, resignation, or removal.

Twenty-Fifth Amendment

An amendment to the United States Constitution that provides procedures for replacing the president or vice president in the event of death, removal, resignation, or incapacitation.