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Suppose that to finance its credit policy the fed pays an

Suppose that to finance its credit policy, the Fed pays an annual interest rate of 0.25% on bank reserves. During the course of the current year, banks hold $1.4 trillion in reserves.

What is the total amount of interest the Fed pays banks during the year?

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Business Economics: Suppose that to finance its credit policy the fed pays an

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Business Economics: Suppose that to finance its credit policy the fed pays an

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