The Federal Reserve announced the closing of many lending facilities, like the term auction facility (TAF), that
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The Federal Reserve announced the closing of many lending facilities, like the term auction facility (TAF), that were originally created to extend loans to financial intermediaries during the most difficult years of the recent global financial crisis. What would be the effect of closing these facilities on the monetary base?
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Answer The closing of lending facilities such as the term auction facility TAF would likely have an ...View the full answer
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