Question: 11 Question (2 points) 5th attempt See page 181 Part 1 (1 point) The Federal Reserve buys $44.00 million in Treasury securities. If the

11 Question (2 points) 5th attempt See page 181 Part 1 (1

11 Question (2 points) 5th attempt See page 181 Part 1 (1 point) The Federal Reserve buys $44.00 million in Treasury securities. If the required reserve ratio is 30.00%, and all currency is dep into 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 amiver to tw 10.00 decimal places.) Part 2 (1 point) The Federal Reserve sells $48.00 million in Treasury securities, if the required reserve ratio is 25.00%, and all currency is deposited the banking system, and banks hold excess reserves of 10%, then the maximum amount the money supply can decrease in S million. (Insert your answer in millions and round your answer to two decimal places) 33.35

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