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Which of the following statements are true about an open market purchase today? A. An open market purchase results in an expansion of the selling

Which of the following statements are true about an open market purchase today?

A. An open market purchase results in an expansion of the selling bank's balance sheet

B. The proceeds to the selling bank will be invested in fed funds

C. Money (M1) is not created until a loan is made

D. All of the above

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