In October 2008, the Federal Reserve began paying interest on the amount of excess reserves held by

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In October 2008, the Federal Reserve began paying interest on the amount of excess reserves held by banks. How, if at all, might this aff ect the multiplier process and the money supply in the United States?

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The Economics Of Money Banking And Financial Markets

ISBN: 978-0134376936

6th Canadian Edition

Authors: Frederic S Mishkin ,Apostolos Serletis

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