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notsponge [240]
3 years ago
6

The Federal Reserve conducts a $30 million open-market purchase of government bonds. If the required reserve ratio is 15 percent

, the largest possible increase in the money supply that could result is ___ $ million, and the smallest possible increase is ___ $ million.

Business
1 answer:
PIT_PIT [208]3 years ago
4 0

Answer

a. 200 million

b. 30 million

The answer and procedures of the exercise are attached in the image below.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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