The Fed Began Paying Interest on Reserves in October 2008

question 162

Short Answer

The Fed began paying interest on reserves in October 2008. Holding all else constant, what effect would this have on the money supply?

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Definitions:

New Table

The action or feature of creating a fresh table structure in a database or document, intended for organizing and displaying data in rows and columns.

Access Database

A database tool from Microsoft that combines the relational Microsoft Jet Database Engine with a graphical user interface and software-development tools.

Duplicate Data

Identical copies of data that can occur within a database or dataset, often leading to redundancy and inaccuracies.

Microsoft Access

This Microsoft system for database management unites the relational Microsoft Jet Database Engine with a user-friendly graphical interface and software development utilities.