By how much will the total money supply change if the federal reserve changes the amount of reserves by -50 million?

Question

asked Aug 17, 2018 228k views

1 Answer

HigherAbstraction · Answer 1 · 2018-08-20T20:58:42+0000

You go to Starbucks and see the price of a tall latte quoted as $3.00. You buy the latte and pay with $3.00 cash. In the first instance money serves as ___________ while in the second instance money serves as ___________.a unit of account; a medium of exchange

By how much will the total money supply change if the federal reserve changes the amount of reserves by -50 million?

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

No related questions found

Other Questions