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30 5 Which of the following is not a reason why the amount of excess reserves skyrocketed starting from 2008? O a. Fed began paying
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5 Which of the following is not a reason why the amount of excess reserves skyrocketed starting from 2008? O a. Fed began paying interest on reserves O b. Fed injected large amount of liquidity into Fls in response to the financial crisis Oc. Much of the liquidity injections was sitting idle in banks' reserve accounts Od. The interest rate paid on reserves before 2008 was lower than market rate Step by Step Solution
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