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Business, 28.11.2019 01:31 OperatorBravo

In november 2008 the fed began to pay interest on reserves held at the bank. what effect would you expect this to have on excess reserves? did banks generally favor or oppose this action? would central banks generally favor or oppose this action? what effect did this probably have on interest rates paid by banks?

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In november 2008 the fed began to pay interest on reserves held at the bank. what effect would you e...
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