If the federal reserve sells $40,000 in treasury bonds to a bank at 5% interest, what is the immediate effect on the money supply?
a. it is decreased by $40,000.
b. it is increased by $42,000.
c. it is decreased by $42,000.
d. it is increased by $40,000.

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. during 2003, an auction house sold a sculpture at auction for a price of $10,211,500. unfortunately for the previous owner, he had purchased it in 2000 at a price of $12,177,500. what was his annual rate of return on this sculpture? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as