The purchase of securities under open market operation will lead to____.
(a) fall in aggregate demand
(b) Rise in aggregate demand
(c) No change in aggregate demand
(d) None of the above
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Open Market Operations is the simultaneous sale and purchase of government securities and treasury bills by RBI. The objective of OMO is to regulate the money supply in the economy. RBI carries out the OMO through commercial banks and does not directly deal with the public
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