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How Has the Payment of Interest on Reserves Changed the Conduct

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How has the payment of interest on reserves changed the conduct of monetary policy?


Definitions:

Skewed

Describes a distribution that is not symmetrical, with data points that are more frequent on one side than the other.

Acres

A unit of area used primarily in the United States, equal to 4,840 square yards or about 4,047 square meters.

Stem-and-Leaf Display

A graphical method of displaying quantitative data to observe its distribution, resembling a histogram turned on its side for clearer numeric value reading.

Diastolic

refers to the blood pressure in the arteries when the heart rests between beats.

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