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Question
Which of the following statements is true?A. The ECB's marginal lending facility was the model for the Fed's redesign of its procedures for lending to banks.
B. The ECB's success in controlling reserves by paying interest on them has led the Fed to do the same.
C. The ECB's weekly auctions include only a few of the largest banks in Europe.
D. The Fed's redesign of its procedures for lending to banks was the model for the ECB's marginal lending facility.
Answer
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