Question: Suppose you examine the central bank s balance sheet and observe

Suppose you examine the central bank’s balance sheet and observe that since the previous day, reserves had fallen by $100 million. In addition, on the asset side of the central bank’s balance sheet, securities had fallen by $100 million. What activity did the central bank carry out earlier in the day to lead to these changes in the balance sheet?

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  • CreatedOctober 02, 2014
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