2 question

2. Using T-accounts, show what happens to chequable deposits in the banking system when the Bank of Canada sells $2 million of bonds to the First National Bank. 3. Suppose that currency in circulation is $600 billion, the amount of chequable deposits is $900 billion, excess reserves are $15 billion, and the desired ratio is 10%. a. Calculate the money supply, the currency deposit ratio, the excess reserve ratio, and the money