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Corridor System is: (choose one) a) extremely ineffective no matter how many reserves there are in the system b) extremely effective no matter how many

Corridor System is: (choose one)

a) extremely ineffective no matter how many reserves there are in the system

b) extremely effective no matter how many reserves there are in the system

c) extremely ineffective in normal times when the central bank relies on open-market operations to set the policy rate

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