Business
Business, 27.03.2021 04:30, kale2158

Suppose banks keep no excess reserves and that all banks are currently meeting the reserve requirement. The Federal Reserve then makes an open market purchase of ​$ from Bank 1. Use the​ T-account below to show the result of this transaction for Bank​ 1, assuming Bank 1 keeps no excess reserves after the transaction. Bank​ 1's Account Assets Liabilities Reserves Deposits Loans Securities

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