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Before the US Federal Reserve introduced an interest rate on bank reserves held at the Fed, A. the Fed fund rate could go very high.
Before the US Federal Reserve introduced an interest rate on bank reserves held at the Fed,
A. | the Fed fund rate could go very high. | |
B. | the Fed fund rate could not reach the target. | |
C. | the Fed fund rate could go very low. | |
D. | the Fed fund rate could not fluctuate. |
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