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19 An instrument of Monetary policy A Changing percentage of reserves (deposits) that banks and thrifts must hold in cash or in deposits at the

19 An instrument of Monetary policy A Changing percentage of reserves (deposits) that banks and thrifts must hold in cash or in deposits at the Federal Reserve. B the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Fed C an open market operation by the Fed D All of the above E is the process of issueing paper currency by the US Treasury Dpartment

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