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Ever since 2009, the Fed has started paying banks interest on their excess reserves. This program was known as IOBR. This gives banks a small
Ever since 2009, the Fed has started paying banks interest on their excess reserves. This program was known as IOBR. This gives banks a small incentive to reduce their lending activity while getting a guaranteed rate of return from the Fed. Group startsTrue or False
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
