1. The information In the following table applies to a hypothetical economy: Demand deposits of the federal government at chartered banks $2.4 billion Notice and personal term deposits at chartered banks $35.3 billion Cunency inside banks (vault cash) $1.3 billion Nonpersonal term and foreign-currency deposits at chartered banks $20.7 billion Notice and personal term deposits at near banks $42.1 billion Publicly held demand deposits at chartered banks $3.5 billion Total value of government bonds $40.9 billion Deposits of CPA members at the Bank of Canada $0.8 billion Other liquid assets included in M2+ $1.4 billion Cunency outside banks $4.2 billion Use this information to calculate (a) M1 (b) M2 (G) M3 (d)M2+ 2. Suppose you inherit $50 000 from a wealthy relative who kept this amount under the mattress. You choose to deposit it in your chequing account until you decide how to use it. If the banking system has a reserve ratio of 2.5 percent. then your deposit will increase your bank's desired reserves by $ and its excess reserves by$ . If banks are willing and able to lend out their excess reserves. then the process of multiple lending that results will lead to a maximum increase in the money supply of $