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Consider the Federal Reserve balance sheet below (in billions of dollars): Assets Liabilities Government Securities 600 Reserves 600 Private Securities 100 Currency 400 Loans to

Consider the Federal Reserve balance sheet below (in billions of dollars): Assets Liabilities Government Securities 600 Reserves 600 Private Securities 100 Currency 400 Loans to Banks If the Federal Reserve sells $50 billion of one year Treasury bills, what will the new value of the reserves be

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