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Suppose the Central Bank sells $5 million worth of bonds. Calculate the money multiplier in each case. Also calculate what is the maximum possible change

Suppose the Central Bank sells $5 million worth of bonds. Calculate the money multiplier in each case. Also calculate what is the maximum possible change in the money supply if the required reserve ratio is: (10 marks) a) 20% b) 40% c) 5% d) 10% e) 2%

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