That statement would be example of using money

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Reference no: EM131874438

1. If one says that our current dollar GDP today is $19.25 trillion, that statement would be an example of using money as:

a store of value.

a standard of value/unit of account.

a medium of exchange.

standard of deferred payments

2. Assume that the Fed announces that it was raising the federal funds rate target. To accomplish this, the Fed would most likely:

merely make the announcement--

raise reserve requirements

buy securities on the open market

sell securities on the open market

Reference no: EM131874438

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