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160. Refer to Exhibit 13-]. Suppose that the Federal Reserve conducts open market operations by purchasing $1,000 worth of government securities from Bank A. At

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160. Refer to Exhibit 13-]. Suppose that the Federal Reserve conducts open market operations by purchasing $1,000 worth of government securities from Bank A. At the end of this process of money creation, what is the total amount of new checkable deposits? a. $1,000,000 b. $1,000 0. $10,000 (1, $100,000 ANSWER: c

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