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Business, 06.05.2020 01:58 elianagilbert3p3hh63

Suppose that you take $150 in currency out of your pocket and deposit it in your checking account. If the required reserve ratio is 8%, what is the largest amount (in dollars) by which the money supply can increase as a result of your action? Include the $150 as part of the new money supply and assume the bank does not hold excess reserves. Give your answer to two decimals.

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