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If the bank of canada sells 400 million worth of bonds to

If the Bank of Canada sells $400 million worth of bonds to the public in an open market operation, what is the change in the quantity of money that will eventually result? Assume that the currency drain is 0.15 and the desired reserve ratio is 0.05, and show your calculations.

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Business Economics: If the bank of canada sells 400 million worth of bonds to

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