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Business, 13.04.2021 04:40 enicole10

g Assume that the reserve requirement is 11.69 percent. Banks do not hold excess reserves and there is no cash held by the public. The Federal Reserve decides that it wants to expand the money supply by $59 million using open-market operations. The Federal Reserve needs to buy $ million worth of bonds. Round to two decimal places.

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g Assume that the reserve requirement is 11.69 percent. Banks do not hold excess reserves and there...
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