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Business, 27.04.2021 14:30 anastasiakonni1

The Federal Reserve buys $42.00 million in Treasury securities. If the required reserve ratio is 20.00%, and all currency is deposited into the banking system, and banks hold excess reserves of 10%, then the maximum amount the money supply can increase is $ million. (Insert your answer in millions; if you think the answer is $30 million, just enter 30. Round your answer to two decimal places.)

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The Federal Reserve buys $42.00 million in Treasury securities. If the required reserve ratio is 20....
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