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Business, 20.03.2021 08:50 mia2286

The Fed buys $10 million of securities from AIG. AIG has a desired reserve ratio of 0.05, and there is no currency drain. As soon as the open market purchase is made, the bank's excess reserves are at $___ million

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The Fed buys $10 million of securities from AIG. AIG has a desired reserve ratio of 0.05, and there...
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