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If the FED where to change from a federal funds rate policy instrument to a quantity of non-borrowed reserves instrument, what would be the likely

If the FED where to change from a federal funds rate policy instrument to a quantity of non-borrowed reserves instrument, what would be the likely impact on the volatility of the federal funds rate? Illustrate and explain your answer. What could the FED do to limit the volatility of the federal funds rate? Illustrate and explain.

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