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3. Suppose the reserve ratio was 10%. What is the maximum M1 money supply change when deposits increase by $2,000? (a) By $1,000 (b) By

3. Suppose the reserve ratio was 10%. What is the maximum M1 money supply change when deposits increase by $2,000? (a) By $1,000 (b) By $2,000 (C) By $10,000 (d) By $20,000

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