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Task 3: Immediately after the developing financial system in Splitland. The Central Bank issued treasury bonds with high interest rate and sold them in the

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Task 3: Immediately after the developing financial system in Splitland. The Central Bank issued treasury bonds with high interest rate and sold them in the financial market for the amount of 120 million $. This action brought insufficiency of money to the commercial banks. What monetary policy actions could and could not be conducted

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