If a bank sells $10 million of bonds back to the Bank of Canada in order to

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If a bank sells $10 million of bonds back to the Bank of Canada in order to pay back $10 million on the advances it owes, what will be the effect on the level of chequable deposits?

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The Economics Of Money Banking And Financial Markets

ISBN: 9780321584717

4th Canadian Edition

Authors: Frederic S. Mishkin, Apostolos Serletis

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