Question: 1 4 . Ordinarily the money supply will decrease if: a . the Fed makes fewer loans at its discount window. b . the Fed

14. Ordinarily the money supply will decrease if:
a. the Fed makes fewer loans at its discount window.
b. the Fed sells securities on the open market.
c. the Fed raises reserve requirements.
d. all of the above.
7. Using the data above, the level of excess reserves is
a. $ 4,000,000 b. $ 45,000,000 c. $ 70,000,000 d. not ascertainable

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