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A commercial bank buys a $100,000 government security from a securities dealer. The bank pays the dealer by increasing the dealer's checkable deposit balance by

A commercial bank buys a $100,000 government security from a securities dealer. The bank pays the dealer by increasing the dealer's checkable deposit balance by $100,000. The money supply has

Multiple Choice

increased by $100,000.

decreased by $100,000.

not been affected.

increased by $100,000 multiplied by the reserve ratio.

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