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.

How many Federal Reserve districts are there?

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:

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:

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