3. In order to stabilize the money market and to meet the huge demand for cash during...

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3. In order to stabilize the money market and to meet the huge demand for cash during Chinese New Year, the People’s Bank of China, the Chinese central bank, pumped 255 billion yuan (42 billion US dollars) into the money market on January 21, 2014. Draw a graph and explain what happened in the Chinese money market.

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Economics For Managers

ISBN: 9781292060095

3rd Global Edition

Authors: Paul Farnham

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