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Why is the Fed's effective use of monetary policy limited by lender resistance? I. Lenders...

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Accounting

Why is the Fed's effective use of monetary policy limited by lender resistance? I. Lenders may need to rebuild balance sheets due to asset write-offs II. Lenders may regard prospective borrowers as non-creditworthy III. Lenders avoid being charged negative interest rates for excess reserves Select one: a. I only b. I and II only c. I and III only d. I, II, and III

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