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3. Why do changes in reserve requirements have less predictable effects on the money supply in comparison to changes in open market operations? 4. If

3. Why do changes in reserve requirements have less predictable effects on the money supply in comparison to changes in open market operations?

4. If a $10,000 par T-Bill has a 3.75% discount quote and a 90-day maturity, what is the price of the T-Bill to the nearest dollar?

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