Suppose that the central bank buys 1 million of bonds from the Safe Bank. If the Safe
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Suppose that the central bank buys €1 million of bonds from the Safe Bank. If the Safe Bank and all other banks use the resulting increase in reserves to purchase securities only and not to make loans, what will happen to checkable 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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