Suppose the Fed decides to buy bonds and the New Hampshire Colonial Bank
decides to sell $10 million worth of bonds. What will New Hampshire Colonial
Bank most likely be able to do?*
A) Borrow more reserves at the "discount window"

B) Make new loans totaling about $10 million

C) Borrow more reserves from other banks

D) Reduce its outstanding loans by $10 million

Dakota products has a production budget as follows: may, 16,000 units; june, 19,000 units; and july, 24,000 units. each unit requires 3 pounds of raw material and 2 direct labor hours. dakota desires to keep an inventory of 10% of the next month’s requirements on hand. on may, 1 there were 4,800 pounds of raw material in inventory. direct labor hours required in may would be: