When banks were recently allowed to pay interest on checkable deposits, what did that do to the

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When banks were recently allowed to pay interest on checkable deposits, what did that do to the effectiveness of monetary policy?

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Principles of Money Banking and Financial Markets

ISBN: 978-0321339195

12th edition

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

Question Posted: Mar 06, 2018 09:31 AM

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When banks were recently allowed to pay interest on checkable deposits, what did that do to the

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It made money demand less sensitive to changes in the ...View the full answer

Principles of Money Banking and Financial Markets

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