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Refer to the Table Below

Question 4

Multiple Choice

Refer to the table below.The amount of currency held by the public ______, and the amount of reserves held by banks ______.It must be the case that, in 1932, the Federal Reserve ______. Refer to the table below.The amount of currency held by the public ______, and the amount of reserves held by banks ______.It must be the case that, in 1932, the Federal Reserve ______.   A) increased; also increased; increased the discount rate B) decreased; also decreased; kept the rate of inflation low C) decreased; increased; performed open-market operations D) increased; also increased; injected reserves into the economy


A) increased; also increased; increased the discount rate
B) decreased; also decreased; kept the rate of inflation low
C) decreased; increased; performed open-market operations
D) increased; also increased; injected reserves into the economy

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