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The Federal Reserve buys $24.00 million in Treasury securities. If the required reserve ratio is 35.00%, and all currency is the banking system, and

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The Federal Reserve buys $24.00 million in Treasury securities. If the required reserve ratio is 35.00%, and all currency is the banking system, and banks hold excess reserves of 10%, then the maximum amount the money supply can increase is million. (Insert your answer in millions; if you think the answer is $30 million, just enter 30. Round your an decimal places.) Part 2 (1 point) Feedback The Federal Reserve sells $42.00 million in Treasury securities. If the required reserve ratio is 15.00 %, and all currency is de the banking system, and banks hold excess reserves of 10%, then the maximum amount the money supply can decrease is $ million. (Insert your answer in millions, and round your answer to two decimal places.)

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