Go to the St. Louis Federal Reserve FRED database, and find data on nonborrowed reserves (NONBORRES) and
Question:
a. Calculate the percent change in nonborrowed reserves and the percentage point change in the federal funds rate for the most recent month of data available and for the same month a year earlier.
b. Is your answer to part (a) consistent with what you expect from the market for reserves? Why or why not?
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a From April 2013 to April 2014 nonborrowed reserves increased by 830496 million or 441 and the fe...View the full answer
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Related Book For 
The Economics of Money Banking and Financial Markets
ISBN: 978-0133836790
11th edition
Authors: Frederic S. Mishkin
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