Question: Any help with the working out for this would be appreciated! Suppose the public holds 20% of their money as currency and the rest as
Any help with the working out for this would be appreciated!

Suppose the public holds 20% of their money as currency and the rest as deposits in their banks. Moreover, the central bank requires banks to maintain a reserve-deposit ratio of 10%. What will be the change in the total money supply if the central bank sells $5 million of government bonds to the public who uses their money to pay for these bonds
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