If the central bank reduces reserves by selling 5 million worth of bonds to the banks, what

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If the central bank reduces reserves by selling

€5 million worth of bonds to the banks, what will the T-account of the banking system look like when the banking system is in equilibrium? What will have happened to the level of chequable deposits?

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The Economics Of Money, Banking & Financial Markets

ISBN: 126161

1st Edition

Authors: Massimo Giuliodori, Frederic S. Mishkin Kent Matthews

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