What will be the effect on the level of checkable deposit

Reference no: EM13299105

If a bank sells $10 million of bonds to the Fed to pay back $10 million on the discount loan it owes, what will be the effect on the level of checkable deposit?

Reference no: EM13299105

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What will be the effect on the level of checkable deposit : If a bank sells $10 million of bonds to the Fed to pay back $10 million on the discount loan it owes, what will be the effect on the level of checkable deposit?

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