10a). The following table shows the balance sheet for all banks combined in the banking system. All banks have a target reserve ratio of 12.5 percent Assets Reserves Loans Securities Fixed Assets Totals Liabilities/Equity Demand deposits Shareholders' equity $1 100 000 200 000 $180 000 800 000 220 000 100 000 si 300 000 Totals $1 300 000 10ai). What is the amount of excess reserves? 10aii). If the banking system were fully loaned up, by how much will the money supply have increased? 10b). Define open market operations (OMO) and explain how the Central Bank of Canada can use it as a tool to reduce money supply in the economy. 10c). Explain how bank of Canada conduct of expansionary monetary policy can have effect on both the value of Canadian dollar and Canadian exports