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2. Assume the Central Bank currently has pays banks 2.5% forexcess reserves, the equilibrium bank overnight lending rate is3.5%, and the Central Bank charges 4.5%
2. Assume the Central Bank currently has pays banks 2.5% forexcess reserves, the equilibrium bank overnight lending rate is3.5%, and the Central Bank charges 4.5% for overnight loans. Alsoassume th 2. Assume the Central Bank currently has pays banks \( 2.5 \% \) for excess reserves, the equilibrium bank ovemight lending rate is \( 3.5 \% \), and the Central Bank charges \( 4.5 \% \) for ovemight 2 answers
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