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QUESTION 9 In March of this year, the Federal Reserve lowered the target on the Federal Funds rate to 0 to 1/4 percent. To hit

QUESTION 9 In March of this year, the Federal Reserve lowered the target on the Federal Funds rate to 0 to 1/4 percent. To hit the target the Federal Reserve conducted which of the following actions? Choose one. o Open market sales of securities Open market purchases of securities Increased the interest on excess reserves (IOER) O Lowered the interest on excess reserves (IOER)

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