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Business, 20.02.2020 20:32 Cheyenne7327

The bank in this T-account holds no excess reserves and is the only bank in the banking system. Suppose that all money is held in this bank. If the Federal Reserve makes an open-market sale of $50 worth of Treasury bills to this bank, then the money supply will:

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The bank in this T-account holds no excess reserves and is the only bank in the banking system. Supp...
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