What is the maximum possible amount that the national money


Imagine that the Fed conducts an open-market operation and buys $60,000 of bonds from John Doe, who immediately deposits the entire amount in Gamma Bank. Assume that the reserve requirement is 25%. What is the maximum possible amount that the national money supply could increase as a result of John's deposit?

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Macroeconomics: What is the maximum possible amount that the national money
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