Question: QUESTION 13 Suppose next year that the Federal Reserve wishes to raise the target on the Federal Funds rate to 3/4 percent. To hit the

 QUESTION 13 Suppose next year that the Federal Reserve wishes to

QUESTION 13 Suppose next year that the Federal Reserve wishes to raise the target on the Federal Funds rate to 3/4 percent. To hit the target the Federal Reserve will conduct which of the following actions? Choose one. O Increase the interest on excess reserves (IOER) O Open market sales of securities O Decrease the interest on excess reserves (IOER) O Open market purchase of securities

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