When banks borrow and lend reserves in the federal funds market,
a. the total reserves of the banking system stay the same.
b. the reserves of the banking system become part of M1.
c. the total reserves of the banking system increase.
d. the total reserves of the banking system shrink.
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Home » Business » When banks borrow and lend reserves in the federal funds market, a. the total reserves of the banking system stay the same. b. the reserves of the banking system become part of M1. c. the total reserves of the banking system increase. d.