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 UID222255 帖子263 主题68 注册时间2011-7-2 最后登录2014-6-28 
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2014CFA1级-每日一练-经济学-20140310 
| When the Federal Reserve sells government securities on the open market, bank reserves are: 
 
 A)increased, which increases the amount of money banks are able to lend, causing a decrease in the federal funds rate.
 
 
 B)decreased, which reduces the amount of money banks are able to lend, causing a decrease in the federal funds rate.
 
 
 C)decreased, which reduces the amount of money banks are able to lend, causing an increase in the federal funds rate.
 
 
 
 答案 C
 When the Federal Reserve wants to increase the federal funds rate through open market operations, it sells government securities. Open-market sales reduce bank reserves and cause the federal funds rate to increase.
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