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pioneer bank has checking deposits of 10 million and total resrves of 7.5 million. the required reserve ratio is 10 percent. if the fed sell

pioneer bank has checking deposits of 10 million and total resrves of 7.5 million. the required reserve ratio is 10 percent. if the fed sell 1.5 million of government securities to the bank, what will happen to its total reserves and excess reserves

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