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4 March, 15:29

If the Federal Reserve sells $60,000 in Treasury bonds to a bank at 6% interest, what is the immediate effect on the money supply?

A. It is increased by $60,000.

B. It is decreased by $2400.

C. It is increased by $2400.

D. It is decreased by $60,000.

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Answers (2)
  1. 4 March, 16:58
    0
    I believe c to be the answer
  2. 4 March, 18:40
    0
    60,000 - 4% = ? Just do this and you will get your answer.
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Home » Mathematics » If the Federal Reserve sells $60,000 in Treasury bonds to a bank at 6% interest, what is the immediate effect on the money supply? A. It is increased by $60,000. B. It is decreased by $2400. C. It is increased by $2400. D. It is decreased by $60,000.
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