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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 25
Circle the letter that corresponds to the best answer. The main reason why the Fed began paying interest on bank reserves was to __________.
A) provide the banks with an incentive to continue holding excess reserves on deposit at their Federal Reserve District Bank
B) encourage banks to lend out more money
C) prevent deflation
D) prevent bank failures
A) provide the banks with an incentive to continue holding excess reserves on deposit at their Federal Reserve District Bank
B) encourage banks to lend out more money
C) prevent deflation
D) prevent bank failures
Explanation
Verified
Verified
The Fed began paying interest on bank re...
Macroeconomics 11th Edition by Stephen Slavin
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