If the Bank of England's deposit account with the Fed increases by $1 million, the monetary base will
A)increase by $1 million times the dollar/pound exchange rate prevailing on that day.
B)decrease by $1 million times the dollar/pound exchange rate prevailing on that day.
C)decrease by $1 million.
D)increase by $1 million.

Question

Quizplus · Accepted Answer

The Answer of If the Bank of England's deposit account with the Fed increases by $1 million, the monetary base will
A)increase by $1 million times the dollar/pound exchange rate prevailing on that day.
B)decrease by $1 million times the dollar/pound exchange rate prevailing on that day.
C)decrease by $1 million.
D)increase by $1 million.

If the Bank of England's Deposit Account with the Fed