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Alona [7]
3 years ago
14

If the Fed purchases $50,000 in T-bills from a bank, by how much will the bank's excess reserves increase: a) by $50,000. b) by

$50,000 times the required reserve ratio. c) by $50,000 divided by the required reserve ratio. d) Not enough information has been provided to answer the question.
Business
1 answer:
Anit [1.1K]3 years ago
4 0

Answer and Explanation:

b) by $50,000 times the required reserve ratio.

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