suppose you find $1.4 million dollars in cash hidden in the wall of your apartment during a major remodeling project you were doing. the money is not sorted or stacked but rather simply piles of lose bill ranging from $1 dollar bills to $50 bills stuffed into four medium sized trash bags located in four places in a wall you were removing to make a two small rooms into one large room. based on the dates, the money (currency) appears to be only about 7 years old. the building in which you purchased the apartment as a condo had been a rooming house for the past twenty years so there were many small rooms which led to your remodeling. now the money is yours according to the police because there is no longer a record of the many thousands of occupants of this former rooming house over the past years. what is the minimum and the maximum change in the money supply that can result from your new wealth assuming the reserve requirements ratio is 8 percent?
