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Economics Worksheet: Monetary Policy and the Federal Reserve
Economics Worksheet: Monetary Policy and the Federal Reserve

... The percentage of money that all banks must keep on hand, of all their deposits. ...
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Real bills doctrine

The real bills doctrine asserts that money should be issued in exchange for short-term real bills of adequate value. This theory is in opposition to the quantity theory of money which states that money supply has a direct, positive relationship with the price level.
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