If the fed buys from chase 30 million of government, Business Economics

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If the fed buys from chase 30 million of government

Explain using a T-Account if necessary:

If the Fed buys from Chase $30 million of government securities, the required reserve ratio is 10%, individuals do not hold currency, and bank do not hold excess reserves, will be the maximum increase in the money supply by the banking system as the result of the Fed purchase?

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