
Technical | Analysis page 220 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf
Chapter 10. Flow of Funds 191 not set by the Federal Reserve, Fed action greatly impacts this rate. If the Federal Reserve makes open market purchases, banks will have more money in reserve. Fewer banks will need to borrow reserves from other banks, and more banks will have excess reserves that…