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the central bank has purchased foreign exchange from the mines amounting to USD 18 million @K10 per dollar thus increasing the monetary base by 180.

the central bank has purchased foreign exchange from the mines amounting to USD 18 million @K10 per dollar thus increasing the monetary base by 180. assuming there is no leakage into currency in circulation and excess reserves, what is the increase in deposits when the required reserve ratio is 18%

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