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You win money in a competition. You depThe T-account below represents assets and liabilities for a bank. Use the T-account to calculate the bank's bonds.

You win money in a competition. You depThe T-account below represents assets and liabilities for a bank. Use the T-account to calculate the bank's bonds. Assets Liabilities + Net Worth Loans $ 9 million Deposits $ 18 million Bonds ? Reserves $ 5 million Net Worth $ 1 million osit this money in Smith bank. As a result, Smith Bank now has $ 500 in excess reserves. If the reserve requirement is 0.15 , then what is the maximum possible change in the money supply from your initial deposit? Round your answer to two decimal places

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