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The SARB creates a liquidity requirement (shortage) in the money market by making use of which of the following policy instruments? i. ii. lii. iv.

The SARB creates a liquidity requirement (shortage) in the money market by making use of which of the following policy instruments? i. ii. lii. iv. Statutory cash reserve requirements Open-market operations Government budget deficits Exchange rates (i) and (ii) only (iii) and (iv) only O (i). (il) and (il) only (i). (i) and (iv) only None of the above

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