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Suppose that the public holds 50% of the money supply in currency and the reserve requirement is 20%.Banks hold no excess reserves.A customer deposits $6000 in her chequable deposit.
-The Federal Reserve,the Bank of England,the Bank of Japan,and the ECB are all:

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The Federal Reserve, the Bank of England, the Bank of Japan, and the ECB are all central banks. This is because they are responsible for conducting monetary policy, regulating commercial banks, and managing the money supply in their respective economies. They play a critical role in ensuring financial stability and promoting economic growth.

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