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Macroeconomics 2nd Edition by Campbell McConnell ,Stanley Brue,Sean Flynn
Edition 2ISBN: 978-0077416409Macroeconomics 2nd Edition by Campbell McConnell ,Stanley Brue,Sean Flynn
Edition 2ISBN: 978-0077416409 Exercise 4
What is the impact of each of the following transactions on commercial bank reserves?
a. The New York Federal Reserve Bank purchases government securities from private businesses and consumers.
b. Commercial banks borrow from Federal Reserve Banks at the discount rate.
c. The Fed reduces the reserve ratio.
a. The New York Federal Reserve Bank purchases government securities from private businesses and consumers.
b. Commercial banks borrow from Federal Reserve Banks at the discount rate.
c. The Fed reduces the reserve ratio.
Explanation
Verified
Verified
a.
When the Reserve bank purchases gover...
Macroeconomics 2nd Edition by Campbell McConnell ,Stanley Brue,Sean Flynn
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