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_____ consist(s) of deposits at the Fed plus currency that is physically held by banks and

_____ consist(s) of deposits at the Fed plus currency that is physically held by banks and

_____ consist(s) of deposits at the Fed plus currency that is physically held by banks and _____ are regulations making it obligatory for depository institutions to keep a certain fraction of their deposits as reserves with the Fed.

   

Reserves; reserve requirement

   

Nominal anchor; price stability

   

Required reserves; excess reserves

   

Open market operations; discount window

Abhinav 03-Dec-2019

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