Suppose the fed buys 100 billion in bonds from financial, Business Economics

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Suppose the fed buys 100 billion in bonds from financial

Suppose the Fed buys $100 billion in bonds from financial institutions. What effect will this bond purchase have on the money supply if the currency/deposit ratio is .15, the excess reserve ratio is .09, and the required reserve ratio is .06? Please show and explain work.

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Business Economics: Suppose the fed buys 100 billion in bonds from financial

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