6. The following Taccount shows the assets and liabilities of all banks in Canada. The reserve ratio is 10%. All financial transactions occur within the banking system. No one holds cash. ' Assets ' Liabilities Actual reserves $200 million ' Deposits $1000 million Loans $700 million _ ' Bonds $100 million . a) What is the amount of total desired reserves? What is the amount of excess reserves? Required Reserves: Excess Reserves