What are the changes in deposits, currency holdings, and the money stock for an open market sale
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What are the changes in deposits, currency holdings, and the money stock for an open market sale of $100,000? The required reserve ratio is 10 percent, the desired excess reserve ratio is 5 percent, and the desired currency to deposit ratio is 25 percent.
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Related Book For 
Money Banking And Financial Markets An Economic Approach
ISBN: 9780395643952
1st Edition
Authors: Michael R. Baye, Dennis Jansen
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