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19-03-2024
Business

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The currency-deposit ratio in MongooseLand is 0.4. The MongooseLand Reserve Bank carries out open market operations, purchasing R1 million worth of bonds from banks. This action increased the money
a. supply by R1.6 million.
b. supply by R0.4 million.
c. supply by R2.5 million.
d. supply by R0.6 million.

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