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Question
If a bankʹs deposits at the Fed increase by $10 million, then
A) both the bankʹs assets and the Fedʹs assets increase by $10 million.
B) both the bankʹs liabilities and the Fedʹs liabilities increase by $10 million.
C) the bankʹs assets increase by $10 million and the Fedʹs liabilities increase by $10 million.
D) the bankʹs assets increase by $10 million, but there is no change at the Fed since it does not really have assets or liabilities.
Answer
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