00:01
Here is the graph of quantity of reserves.
00:12
So, in this, this is at 0, then 1, then 2, 3, 4, 5, 6.
00:24
This is a roughly presentation for better understanding.
00:27
This is federal funds rates percent here 20, 40, 60, 80, 100.
00:47
Quantity of reserves, billions and of dollars.
00:58
Then from 5, there is a curve from 5, 100 and fed fund supply is from here.
01:14
Now, supply curve cuts the demand curve at federal funds rate...