* In carrying out open market operations, the Federal Reserve usually buys and sells U.S. Treasury securities....

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* In carrying out open market operations, the Federal Reserve usually buys and sells U.S. Treasury securities. Suppose the U.S. government paid off all its debt.

Could the Federal Reserve continue to carry out open market operations?

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Related Book For  book-img-for-question

Money Banking And Financial Markets

ISBN: 9780073375908

3rd Edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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