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:

When was the Federal Reserve created?

Which of the following persons is currently serving as a char of the Federal Reserve?

Suppose FOMC revises target federal funds rate downward. If the Federal Reserve wishes to meet the new target, then the appropriate action for the Federal Reserve to take is a ________ open market ________, everything else held constant.