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Having trouble with this question, please explain! Thank you! Assume that the Federal Reserve Bank...

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Finance

Having trouble with this question, please explain! Thank you!

Assume that the Federal Reserve Bank buys $120 million from the non-bank public. After the non-bank public receives payment, currency in circulation then increases by $120 million. This implies that _____ will _____ by $120 million.

reserves; increase

reserves; decrease

the monetary base; increase

the monetary base; decrease

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