Suppose that the government makes a major sale of bonds to the M4 private sector. Explain the

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Suppose that the government makes a major sale of bonds to the M4 private sector.

Explain the likely effect of this on

(a) the liquidity of the banking system and

(b) the demand for money market instruments.

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Financial Markets And Institutions

ISBN: 9780273709190

5th Edition

Authors: Peter Howells, Keith Bain

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