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5) If the Federal Reserve Bank buys $250 worth of securities from the non-bank public, and the public deposits the payment in their bank account,
5) If the Federal Reserve Bank buys $250 worth of securities from the non-bank public, and the public deposits the payment in their bank account, then reserves rise by __, currency in circulation rises by. and so, the MB rises by
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The Ascendancy Of Finance
Authors: Joseph Vogl, Simon Garnett
1st Edition
1509509305, 978-1509509300
