Question: 3. The money supply will tend to fall when which of the following occurs? (a) a central bank sale of bonds. (b) an increase in

3. The money supply will tend to fall when which of

3. The money supply will tend to fall when which of the following occurs? (a) a central bank sale of bonds. (b) an increase in the ratio of reserves to deposits. (c) a shift in public preferences away from currency to checkable deposits. (d) all of the above. [6 points] 4 Efficie

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