Is there only one demand or do I have to label the two demand lines with d1 and d2? Federal funds rate (i) iJOER iONRRP Ꭰ Range in which the Fed see the federal funds rate Reserves At the very bottom, why do checkable deposits show up on the assets for the public?

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter13: Money And The Banking System
Section: Chapter Questions
Problem 11CQ
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Is there only one demand or do I have to label the two demand lines with d1 and d2?
Federal funds rate (i)
iJOER
iONRRP
Ꭰ
Range in which the Fed
see the federal funds rate
Reserves
At the very bottom, why do checkable deposits show up on the assets for the public?
Transcribed Image Text:Is there only one demand or do I have to label the two demand lines with d1 and d2? Federal funds rate (i) iJOER iONRRP Ꭰ Range in which the Fed see the federal funds rate Reserves At the very bottom, why do checkable deposits show up on the assets for the public?
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