How many Federal Reserve districts are there?

If in 2023 exchange rate between dollar and euro was 0.98 euros per dollar and in 2024, exchange rate was 0.89 euros per dollar, then:

Suppose Big Mac costs 1,000 pounds in Egypt and 20 pesos in Mexico. If the current exchange rate is 80 pounds per peso, then according to law of one price, peso is ______ and should _______ in the long run.

Consider a $10 billion open market sale of U.S. Treasury securities by the Federal Reserve. The Fed’s balance sheet will show:

Which of the following is an asset of the Fed?

A central bank’s balance sheet will categorize the following as liabilities:

According to the WSJ article, the US dollar depreciated sharply in March and April of 2025. What caused this weakening of dollar?

If demand for reserves is predicted to increase temporarily, the manager of the trading desk at the New York Fed bank will likely conduct ________ open market operations to ________ reserves.

When the exchange rate for the Japanese yen changes from 97 yens to the U.S dollar to 110 yens to the U.S. dollar, then the Japanese yen has ________ and the U.S. dollar has ________.

Unconventional policy tools are useful when: