LCoy388 LCoy388

22-02-2024
Business

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If the Federal Reserve sells $80,000 in Treasury bonds to a bank at 7%, what is the outcome?
a. The bank pays $80,000 to the Federal Reserve.
b. The Federal Reserve pays $80,000 to the bank.
c. The bank receives $5,600 in interest from the Federal Reserve.
d. The Federal Reserve earns $5,600 in interest from the bank.

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