If the country went into a recession, would you expect banks to increase or decrease its holdings

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If the country went into a recession, would you expect banks to increase or decrease its holdings of excess reserves? Explain.

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Financial Institutions, Markets and Money

ISBN: 978-1119330363

12th edition

Authors: David S. Kidwell, David W. Blackwell, David A. Whidbee, Richard W. Sias

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