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1. The Fed conducts an open market sale of $100 billion in bonds to the non-bank public (a) What is the impact on banking system
1. The Fed conducts an open market sale of $100 billion in bonds to the non-bank public
(a) What is the impact on banking system reserves and liabilities?
(b) What is the impact on currency in circulation?
(c) What is the impact on the Federal Reserve System liabilities?
(d) What is the impact on the monetary base and money supply?
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