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Suppose next year that the Federal Reserve wishes to raise the target on the Federal Funds rate to 3/4 percent. To hit the target, the

Suppose next year that the Federal Reserve wishes to raise the target on the Federal Funds rate to 3/4 percent. To hit the target, the Federal Reserve will conduct which of the following actions? Choose one.

a) Open market purchase of securities

b) Decrease the interest on excess reserves (IOER)

c) Increase the interest on excess reserves (IOER)

d) Open market sales of securities

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