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Answer : A it is decreased by $70,000
Federal reserve sells $70,000 in treasury bonds to a bank.
Removing cash decreases the money supply . Money supply decreases when exchanging for bonds. That is the immediate effect on money supply.
Federal reserve sells $70,000 . so money supply is decreased by $70,000
Answer:
1) c. 10
2) a. 1 and 18
3) d. 17
4) I think it's actually 12 but I don't know
They are 2015 and 2016.
divide 4031 by 2, and get rid of the decimal:
You will get 2015.
2015+2015 = 4030
2015+2016=4031
Total revenue the previous year would be $46,355
