3. If the demand for resetves did not fluctuate, the Fed could pursue both a nonborrowcd reserves...

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3. "If the demand for resetves did not fluctuate, the Fed could pursue both a nonborrowcd reserves target and an Lnterest•rate target at the same time."

Is this statement true, false, or uncertain? Explain your answer

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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