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D Question 11 1 pts Because of a forecasted recession, banks begin to raise their reserve ratios from 10% to 20%. However, the Fed responds

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D Question 11 1 pts Because of a forecasted recession, banks begin to raise their reserve ratios from 10% to 20%. However, the Fed responds by dropping interest rates on excess reserves. What is the Fed trying to incentivize? increase personal savings increased lending by banks since holding on to reserves is less profitable O it is trying to trick the public into thinking the money supply will fall

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