In Table 13-1, the Federal Reserve System has

a. sold $10 million in government securities to banks, taking payment in cash.
b. sold $10 million in government securities to banks, taking payment from the bank's reserves.
c. purchased $10 million in government securities from banks, paying for them with increases in banks' reserves.
d. purchased $10 million in government securities from banks, paying for them with new Federal Reserve notes.


c

Economics

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