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Suppose that to finance its credit policy, the Fed pays an annual interest rate of 0.

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well, Ive gotten this one wrong several times so far, any help is greatly appreciated.

Suppose that to finance its credit​ policy, the Fed pays an annual interest rate of 0.15 percent on bank reserves. During the course of the current​ year, banks hold ​$1.4 trillion in reserves. 

What is the total amount of interest the Fed pays banks during the​ year?

The Fed pays banks ​$

nothing billion of interest during the year. ​(Enter your response rounded to two decimal​ places.)

 
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