The quantity of money, and how much of the new money is currency and how much is

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The quantity of money, and how much of the new money is currency and how much is bank deposits.

Use the following information to work Problems 11 and 12.

China conducts open market operations The People’s Bank of China (the central bank of China) indicated it would lower interest rates and inject 685 billion yuan ($105 billion) into the banking system through open market operations.

Source: Bloomberg News, February 29, 2016

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Essential Foundations Of Economics

ISBN: 9781786633255

8th Edition

Authors: Robin Bade, Michael Parkin

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The quantity of money, and how much of the new money is currency and how much is

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Essential Foundations Of Economics

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