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Q7)List and discuss the key services provided by the financial system. Q8) Using the simple deposit multiplier calculate the increase in deposits when the fed,
Q7)List and discuss the key services provided by the financial system.
Q8) Using the simple deposit multiplier calculate the increase in deposits when the fed, through open market operations, purchases $40,000,000 in securities. Note the reserve to deposit ratio (R/D) is 10 percent.
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