This preview shows page 1. Sign up to view the full content.
Unformatted text preview: nations money supply? 3. Suppose the FOMC sells $10 billion in securities to ABC Bank. a. Show the impact on United Megabucks balance sheet b. Show the impact on the overall money supply if the required reserve ratio is 20%. c. Trace the impact of the policy in #3 on the macroeconomy in the short run....
View Full Document
This note was uploaded on 04/28/2011 for the course ECON 1101 taught by Professor Rappoport during the Fall '08 term at Temple.
- Fall '08