Business, 05.05.2020 17:36 idk8348

The Federal Reserve purchases $12 million in U. S. Treasury bonds from a bond dealer, and the dealer's bank credits the dealer's account. The required reserve ratio is 19 percent, and the bank typically lends any excess reservesLOADING... immediately. Assuming that no currency leakage occurs, calculate how much will the bank be able to lend to its customers following the Fed's purchase. $ nothing million. (Enter your response rounded to two decimal places.)

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The Federal Reserve purchases $12 million in U. S. Treasury bonds from a bond dealer, and the dealer...