What would be effect of the closing of taf on monetary base


Problem

The Federal Reserve announced the reduction of many lending facilities originally created to extend loans to financial intermediaries during the most difficult years of the recent subprime crisis, like the term auction facility (TAF). What would be the effect of the closing of the TAF on the monetary base?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: What would be effect of the closing of taf on monetary base
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