(3.) Suppose you are a manager of a bank with the following balance sheet: Assets (in millions) Liabilities (in millions) Reserves Securities $150 Time Deposits Loans $820 Borrowings $30 Checkable Deposits $200 $100 Suppose you are required to hold 10.00% of checkable deposits as reserves with the central bank. If you were faced with an unexpected withdrawal of $30 million from time deposits, would you rather: . I. Draw down $10 million of excess reserves and borrow the remain $20 million from o . IL Draw down $10 million of excess reserves and sell securities of $20 million? ther banks? or Explain your choice