2. A commercial bank sells a Treasury bond to the Federal Reserve for $100,000. The money supply:...
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2. A commercial bank sells a Treasury bond to the Federal Reserve for $100,000. The money supply: LO16.3
a. Increases by $100,000.
b. Decreases by $100,000.
c. Is unaffected by the transaction.
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Related Book For
Macroeconomics
ISBN: 9781259915673
21st Edition
Authors: Campbell McConnell, Stanley Brue , Sean Flynn
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