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A bank has$250,000in checkable deposits.The required reserve ratio is15%.The bank currently has$50,000in its reserve account. If the bank lends out its entire excess reserves, what

A bank has$250,000in checkable deposits.The required reserve ratio is15%.The bank currently has$50,000in its reserve account.

If the bank lends out its entire excess reserves, what will be the maximum possible increase in the money supply as a result?(Round to the nearest whole dollar)

Do not include a dollar sign in your answer.Only enter the numerical value

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