1. If the Fed lends to banks an additional total of $180 million but depositors withdraw $80million and hold it as currency, what happens to reserves and the monetary base? Note: Balance sheet analysis in needed! 2. If expected inflation rises in the US so that the nominal interest rate goes up there, what will happen to the exchange rate on the U.S.dollar? Note: Figures for analysis are needed! 3. Using the supply and demand analysis of the market for reserves, indicate what happens to the federal funds rate, borrowed reserves, and non-borrowed reserves, holding everything else constant when the Fed reduces reserve requirements and then offsets this action by conducting an open market operations. Note: Figures for analysis are needed