A Borrowed Reserves Target Is ________ Because Increases in Income

question 106

Multiple Choice

A borrowed reserves target is ________ because increases in income ________ interest rates and discount loans,causing the Fed to ________ the monetary base,everything else held constant.

• A)procyclical;increase;increase
• B)countercyclical;increase;increase
• C)procyclical;reduce;reduce
• D)countercyclical;reduce;reduce

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