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If the interest on reserve balances is currently above equilibrium, and the Federal Reserve raises iorb, which of the following would happen? Group of answer

If the interest on reserve balances is currently above equilibrium, and the Federal Reserve raises iorb, which of the following would happen? Group of answer choices ffr rises and total volume of loans increase ffr decreases and volume of loans increases ffr rises and total volume of loans decreases ffr decreases and volume of loans increases No effect

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