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Charlie deposits $4,730 into the Bank of Kota. As a member of the Federal Reserve System, the Bank of Kota is subject to the Fed's

Charlie deposits $4,730 into the Bank of Kota. As a member of the Federal Reserve System, the Bank of Kota is subject to the Fed's required reserve ratio of 17%. Assuming banks lend all of their excess reserves, what will be the change in the money supply due to Charlie's deposit? Round your final answer to two decimal places

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