AuthorTopic: Open Market Operations
@2014-10-12 09:40:07
My brain is frozen on this relatively simple concept. Could someone confirm if I have this right?

If the NY Fed sells securities, it reduces bank reserves, increasing money supply, and if it buys securities, increasing bank reserves, it is decreasing money supply.

Thank you, in advance.
@2014-10-12 11:38:48
Never mind...figured it out

CFA Discussion Topic: Open Market Operations

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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz