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Briefly describe the Discounting Operation tool. Then, fully describe what constitutes an effective expansionary policy in the use of this tool, followed by a full

Briefly describe the Discounting Operation tool. Then, fully describe what constitutes an effective expansionary policy in the use of this tool, followed by a full description of what constitutes an effective contractionary policy in the use of this tool.

Briefly describe the Open Market Operations tool.Then, fully describe what constitutes an effective expansionary policy in the use of this tool, followed by a full description of what constitutes an effective contractionary policy in the use of this tool.

Briefly describe the Determination of Reserve Requirements tool.Then, fully describe what constitutes an effective expansionary policy in the use of this tool, followed by a full description of what constitutes an effective contractionary policy in the use of this tool.

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