Suppose the Fed wants to expand the money supply. The banking system has $90 million in deposits and the current discount rate is 5 ¾ percent. To expand the money supply, the Fed would set the discount rate to _____ percent.

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01-11-2022
Mathematics

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Suppose the Fed wants to expand the money supply. The banking system has $90 million in deposits and the current discount rate is 5 ¾ percent. To expand the money supply, the Fed would set the discount rate to _____ percent.

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