. If currency in circulation is

$400

billion, total reserves of the banking system are

$600

billion, and total checkable deposits are

$2,100

billion, what is the maximum increase in the money supply that can result from the transaction in part (a)? (That is, the maximum increase after all actions resulting from the transaction in part (a) have occurred.) Be sure to use the realistic money multiplier, as opposed to the simple deposit multiplier, in the calculation.

The increase in the money supply is

$nothing

million.

(Enter

your response as an

integer.)