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23 September, 21:00

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. 23 September, 21:15
    0
    60,000 - 4% = ? Just do this and you will get your answer.
  2. 23 September, 21:15
    0
    I believe c to be the answer
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