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Explain the impact of the following events on Aggregate Bank Reserve & the Monetary Base. (a) The C.B sells 3M of Securities to None

Explain the impact of the following events on Aggregate Bank Reserve & the Monetary Base. (a) The C.B sells 3M of Securities to None Banking Public. (b)A commercial Bank sells 3M of securities to Investor. (c) The central Bank sells 1.2 Million of securities in the open Market operation to the Commercial Bank.

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