An open market _______ of $100 million of securities ______ A. Purchase; increases bank reserves B. Sale;

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An open market _______ of $100 million of securities ______

A. Purchase; increases bank reserves

B. Sale; increases bank reserves

C. Purchase; decreases the Fed’s liabilities

D. Sale; increases the Fed’s liabilities

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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