How does the amount of currency held by the public affect bank reserves? How is the Fed likely to react to a sudden short-run increase in currency holding?

How does the amount of currency held by the public affect bank reserves? How is the Fed likely to react to a sudden short-run increase in currency holding?

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Related Book For answer-question

Principles of Money Banking and Financial Markets

12th edition

Authors: Lawrence S. Ritter, William L. Silber, Gregory F. Udell

ISBN: 978-0321339195