Suppose that the central bank has increased the money, Business Economics

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Suppose that the central bank has increased the money

Suppose that the central bank has increased the money supply such that there are an additional $291701 in excess reserves. If the reserve ratio is 4.0 percent, what is the maximum the money supply could increase? Round your answer to the nearest dollar.

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Business Economics: Suppose that the central bank has increased the money

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Business Economics: Suppose that the central bank has increased the money

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