Multiple Choice
Refer to Exhibit 13-1.Suppose that the Federal Reserve conducts open market operations by purchasing $1,000 worth of government securities from Bank A.At the end of this process of money creation,what is the total amount of new checkable deposits?
A) $1,000,000
B) $1,000
C) $10,000
D) $100,000
Correct Answer:
Verified
Correct Answer:
Verified
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