1. If one says that our current dollar GDP today is $19.25 trillion, that statement would be an example of using money as:
a store of value.
a standard of value/unit of account.
a medium of exchange.
standard of deferred payments
2. Assume that the Fed announces that it was raising the federal funds rate target. To accomplish this, the Fed would most likely:
merely make the announcement--
raise reserve requirements
buy securities on the open market
sell securities on the open market