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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 11
A commercial bank sells a Treasury bond to the Federal Reserve for $100,000. The money supply:
A) Increases by $100,000.
B) Decreases by $100,000.
C) Is unaffected by the transaction.
A) Increases by $100,000.
B) Decreases by $100,000.
C) Is unaffected by the transaction.
Explanation
Verified
Verified
Hence, the correct answer is a. Increase...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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