When the Federal Reserve sells government securities on the open market, bank reserves are:
A)increased, which increases the amount of money banks are able to lend, causing a decrease in the federal funds rate.
B)decreased, which reduces the amount of money banks are able to lend, causing an increase in the federal funds rate.
C)decreased, which reduces the amount of money banks are able to lend, causing a decrease in the federal funds rate.
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答案 B
When the Federal Reserve wants to increase the federal funds rate through open market operations, it sells government securities. Open-market sales reduce bank reserves and cause the federal funds rate to increase.
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