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On Coconut Island, the central bank is concerned about the current level of inflation and decides to perform a contractionary monetary policy. Assume the desired

On Coconut Island, the central bank is concerned about the current level of inflation and decides to perform a contractionary monetary policy. Assume the desired reserve ratio is 20 percent. The goal is to decrease money-creating potential of the chartered banking system by $1,834. In this scenario, the central bank should sell $______________ amount of bonds to the public

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