Question: Use the following data to answer the below question. Required reserve $50 Checkable deposits $500 Savings Deposits $50 Excess reserves $180 Currency held by the

Use the following data to answer the below question.

Required reserve $50

Checkable deposits $500

Savings Deposits $50

Excess reserves $180

Currency held by the public $160

The money multiplier is 1.69

The Fed conducts an open market purchase of $99.

What will be the change in the money supply $ 167.31? /Round to 2 decimal places/

What is the change in checkable deposits? $126.92

How do I get the answers for change in checkable deposits and change in money supply?

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