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Interest rate on reserves (IOR) is the primary monetary policy tool the Fed uses currently. (2 points) A) What is the interest rate on excess
Interest rate on reserves (IOR) is the primary monetary policy tool the Fed uses currently. (2 points) A) What is the interest rate on excess reserves? B) If the Fed wanted to cause the money supply to increase, how could it use the interest rate on banks' reserves to achieve its goal? C) Ifthe Fed wanted to cause the money supply to decrease, how could it use the interest rate on banks' reserves to achieve its goal
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