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All else equal, if the Fed lowers the discount rate, then private banks will choose to borrow A. more from the Fed, so private banks

All else equal, if the Fed lowers the discount rate, then private banks will choose to borrow

A. more from the Fed, so private banks will hold more excess reserves.

B. more from the Fed, so private banks will hold less excess reserves.

C. less from the Fed, so private banks will hold more excess reserves.

D. less from the Fed, so private banks will hold less excess reserves.

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