3. Consider the balance sheet below for lGold Rush Bank NA. ada GRB} Loam... Reserves = $230,000.00 Demand Deposits = $3 00,000.00 Loans = $30,000.00 Loans from FED = $60,000.00 Securities = $3 0,000.00 Cash = $50,000.00 If the required reserve ratio = 11\" or 0.10 and the portion of M1 kept as currency =% or 0.00, then answer the following: a. How much does GEE have in required reserves (RE)? How much money does GEE have in excess reserves {ER}? {Calculate both to the nearest penny} b. Calculate the potential money multiplier {mp} its fiv' reducedaceu. Host.r much potential new money {MP} can he created by GRB if they loan out all of their excess reserves? (Calculate this to the nearest penny} c. Calculate the ACTUAL Money Multiplier {ma} its efuy reduced Faction. Calculate ACTUAL (Ma) Money Created to the nearest penny