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Loraine Loraine
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9 years ago
Assume the First Bank of Townsville makes a loan of $2,500. This loan will
A) increase the quantity of money initially by $2,500.
B) decrease the quantity of money initially by $2,500.
C) have no change on the quantity of money, just its composition.
D) increase the First Bank of Townville's liabilities at the Fed.
E) increase the First Bank of Townville's reserves.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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9 years ago
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kimbolina

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#2
8 years ago
No problemo Happy Dummy
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