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Suppose the Fed decided to purchase $5,000,000 worth of foreign assets for $5,000,000. Calculate the effect of the transaction using T-accounts. What would be your

Suppose the Fed decided to purchase $5,000,000 worth of foreign assets for $5,000,000. Calculate the effect of the transaction using T-accounts. What would be your answer if the Fed decided to do it through T-bills?

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