If the demand for reserves did not fluctuate, the Fed could pursue both a nonborrowed reserves target

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“If the demand for reserves did not fluctuate, the Fed could pursue both a nonborrowed reserves target and an interest-rate target at the same time.” Is this statement true, false, or uncertain? Explain your answer.

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Financial Markets And Institutions

ISBN: 978-0132136839

7th Edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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