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Suppose that the Federal Reserve engages in an open market sale of $17 million in US Treasury bills to banks. In the T-accounts for
Suppose that the Federal Reserve engages in an open market sale of $17 million in US Treasury bills to banks. In the T-accounts for the Fed and for the banking system shown here, fill in the missing information Assets Federal Reserve $17 million Liabilities Reserves $17 millon Banking System Dssets Liabilities Treasury bi $17 milion $17 million
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