If the reserve ratio is 15 percent, and banks do not hold excess reserves, and people hold only deposits and no currency, then when the fed sells $25.5 million worth of bonds to the public, bank reserves
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Home » Business » If the reserve ratio is 15 percent, and banks do not hold excess reserves, and people hold only deposits and no currency, then when the fed sells $25.5 million worth of bonds to the public, bank reserves