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magine that the Reserve Requirement is set at 10%. If the Federal Reserve changes the Reserve Requirement to 12%, and at the same time sells

magine that the Reserve Requirement is set at 10%. If the Federal Reserve changes the Reserve Requirement to 12%, and at the same time sells $200 million in T-Bonds, what is the effect on a single-bank system? What would the effect be if the Federal Reserve changed the Reserve Requirement to 9%?

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