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Suppose an economy uses a monetary system of checkable deposits only and it has a required reserve ratio of 20%. If the central bank in this economy conducts an open market purchase of $5 million of Treasury bills, this will potentially _____ the money supply by _____.
Less
Used to indicate a smaller amount or degree of something compared to another amount or thing.
"As Built"
A term used in construction and engineering to describe the final specifications of a project after completion, detailing how it was actually built.
Boundary Lines
The defined borders that mark the edges of a property or jurisdiction.
Physical Improvements
Refers to enhancements or modifications made to a property or asset that increase its value or utility.
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