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What are excess bank reserves? Multiple Choice O There is no such thing. O This is M1 + M2 = Excess Reserves. O This is

What are excess bank reserves? Multiple Choice O There is no such thing. O This is M1 + M2 = Excess Reserves. O This is the extra money that banks have to lend to individuals and businesses. O This represents the extra money held by the U.S. Treasury Department

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