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Question 1 2 1 pts If the Boardfof Governors of the Federal Reserve System increases the legal reserve ratio, this change will: Increase the excess
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pts
If the Boardfof Governors of the Federal Reserve System increases the legal reserve ratio, this change will:
Increase the excess reserves of member banks and thus decrease the money supply
Decrease the excess reserves of member banks and thus increase the money supply
Increase the excess reserves of member banks and thus increase the money supply
Decrease the excess reserves of member banks and thus decrease the money supply
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