The Federal Reserve buys $12.00 million in Treasury securities. If the required reserve ratio is 15.00%, and all currenc

[answerhappygod]

The Federal Reserve buys $12.00 million in Treasury
securities. If the required reserve ratio is 15.00%, and all
currency is deposited 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 answer to two
decimal places.)
The Federal Reserve sells $30.00 million in Treasury
securities. If the required reserve ratio is 30.00%, and all
currency is deposited into the banking system, and banks hold
excess reserves of 10%, then the maximum amount the money supply
can decrease is $
million. (Insert your answer in millions, and round your
answer to two decimal places.)