Suppose the required reserve ratio is 8% and that banks hold no excess reserves and the public does not change its currency holdings.If the Fed sells $5 million worth of securities,what happens to the amount of deposits in the banking system?

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The Answer of Suppose the required reserve ratio is 8% and that banks hold no excess reserves and the public does not change its currency holdings.If the Fed sells $5 million worth of securities,what happens to the amount of deposits in the banking system?

Suppose the Required Reserve Ratio Is 8% and That Banks