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Loraine Loraine
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9 years ago
Suppose the Fed buys $1 million of government securities from Bank One, a large commercial bank. Bank One's reserves ________ and its deposits ________.
A) increase by $1 million; do not change
B) increase by $1 million; increase by $1 million
C) do not change; increase by $1 million
D) do not change; do not change
E) decrease by $1 million; do not change
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
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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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SydnieSydnie
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9 years ago
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Loraine Author
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9 years ago
This calls for a celebration Person Raising Both Hands in Celebration
gefa
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Thanks for your help!!
my2redeyes
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2 hours ago
this is exactly what I needed
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