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Question 3 6 p Suppose bankA's total reserve (R) increased by $68,900,950. If required reserve ratio for the banking system is set at 5.9%, [0.059],

Question 3 6 p Suppose bankA's total reserve (R) increased by $68,900,950. If required reserve ratio for the banking system is set at 5.9%, [0.059], a. Calculate bank A's excess reserve. $ b. By how much will total money supply change if bank A, and all subsequent banks, are able to lend out all their entire $56,800,000 excess reserves? $

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