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The Federal Reserve purchaseses $1 million in U.S. Treasury

Paper help Economics The Federal Reserve purchaseses $1 million in U.S. Treasury

Economics

The Federal Reserve purchaseses $1 million in U.S. Treasury

The Federal Reserve purchaseses $1 million in U.S. Treasury Bonds from a bond dealer, and the deal… Show more The Federal Reserve purchaseses $1 million in U.S. Treasury Bonds from a bond dealer, and the dealer’s bank credits the dealer’s account. The required reserve ratio is 15 percent, and the bank typically lends any excess reserves immediately. Assuming that no currency leakage occurs, how much will the bank be able to lend to its customers following the Fed’s purchase? • Show less

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