When good weather speeds the check-clearing process, float tends to ________ causing the Fed to initiate defensive open market ________.

When good weather speeds the check-clearing process, float tends to ________ causing the Fed to initiate defensive open market ________.

When good weather speeds the check-clearing process, float tends to ________ causing the Fed to initiate defensive open market ________.




A) decrease; sales
B) decrease; purchases
C) increase; sales
D) increase; purchases



Answer: B