By using open market operations, the federal reserve adjusts the supply of reserves to keep the federal funds interest rate equal to its target. adjusts the supply and demand of reserves to keep the federal funds interest rate equal to its target. adjusts the demand of reserves to keep bank rates in line with the federal funds rate target. controls banks' demand for reserves, thereby keeping the federal funds rate equal to its target. none of these answers is correct.

Do it! review 16-3 the assembly department for right pens has the following production data for the current month. beginning work in process units transferred out ending work in process 0 22,500 16,000 materials are entered at the beginning of the process. the ending work in process units are 70% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs. materials conversion costs the equivalent units of production