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Macroeconomics 8th Edition by David Colander
Edition 8ISBN: 978-0077398088Macroeconomics 8th Edition by David Colander
Edition 8ISBN: 978-0077398088 Exercise 3
In November 2008 the central bank began to pay interest on reserves held at the bank.
a. What effect would you expect this to have on excess reserves?
b. Did banks generally favor or oppose this action?
c. Would central banks generally favor or oppose this action?
d. What effect did this probably have on interest rates paid by banks?
a. What effect would you expect this to have on excess reserves?
b. Did banks generally favor or oppose this action?
c. Would central banks generally favor or oppose this action?
d. What effect did this probably have on interest rates paid by banks?
Explanation
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Deregulation is an act of freeing from r...
Macroeconomics 8th Edition by David Colander
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