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b. Show the long-term effects on the T-accounts of the FED and all commercial banks of the FED engaging in an open market purchase of

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b. Show the long-term effects on the T-accounts of the FED and all commercial banks of the FED engaging in an open market purchase of bonds equal to 5. Use the simple deposit multiplier. The FED All Commercial Banks Assets Liabilities + Equity Assets Liabilities + Equity Securities Currency 100 Reserves Deposits Loans to 15 Reserves Loans Loans 15 banks from FED

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