If discount rate 7 federal funds rate 7 interest on reserves 3 level of non...
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If discount rate 7 federal funds rate 7 interest on reserves 3 level of non borrowed reserves 26 and 2 of borrowed reserves a Draw a graph of this b The discount rate is decreased from 7 to 5 draw effects on the graph c Based on the lowered discount rate what would happen to 1 the federal funds rate 2 the discount rate 3 non borrowed reserves
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