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a. (5 minutes) The current Fed target for the interest rate is a band between 0 and 25 basis points (25%). Suppose on a given

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a. (5 minutes) The current Fed target for the interest rate is a band between 0 and 25 basis points (25%). Suppose on a given day, the rate looks like it might go above the upper limit of the band. Describe what OMO the Fed would conduct in order to lower the rate so that it stays within the band

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