Business, 19.03.2021 16:10, arnold2619

The Federal Reserve buys $38.00 million in Treasury securities. If the required reserve ratio is 30.00%, 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.

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The Federal Reserve buys $38.00 million in Treasury securities. If the required reserve ratio is 30....