On a bank’s balance sheet, the value of its assets must equal the value of its _____

Raising the discount rate is _____

A bank finds itself short of required reserves and therefore borrows from another commercial bank. The interest rate on this loan is _____

If the Fed purchases government securities in the open market, _____

If a bank has $6,000 in checkable deposits and the required reserve ratio is 0.2, then the bank can lend:

The national debt _____

Problems with the federal government budget process include _____

Exhibit 15.2 Exhibit 15.2 shows equilibrium in a money market. When the money supply curve shifts from S to S’, the equilibrium interest rate and quantity of money changes to _____

To increase the money supply, the New York Fed is directed to carry out _____

Which of the following statements is true of open-market operations?