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Business, 14.01.2021 17:00 ayandjay01

The Federal Reserve buys $44.00 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. (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 $44.00 million in Treasury securities. If the required reserve ratio is 30....
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