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Question 16 (2.5 points) With reference to the below Federal Reserve balance sheet, if the Fed sells $3 billion in securities, on the right side

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Question 16 (2.5 points) With reference to the below Federal Reserve balance sheet, if the Fed sells $3 billion in securities, on the right side of the below balance sheet 1) Federal Reserve Notes change to 785,733 2) Federal Reserve Notes change to 779,733 3) Depository inst balances change to 15,772 4) Depository inst balances change to 9,772 5) All of the above are incorrect

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