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The reserves that any bank has on hand after meeting any Federal Reserve requirements are excess reserves that create money. The process that enables the
The reserves that any bank has on hand after meeting any Federal Reserve requirements are "excess reserves that create money." The process that enables the banks to lend out this money to borrowers who in turn may deposit sums in another bank describes a phenomenon known as the ________________________. Group of answer choices Laffer curve multiplier effect inverted yield Investment-Saving / Liquidity-Money curve
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