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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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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
