benign interest rates encumbered interest rates Question 43 (1 point) Saved Assume that the Fed buys a $3,000 government security from Judy, who deposits the $3,000 in her checking account at the Last National Bank. (Assume that Last National's T-account balances start at zero before the deposit.) The Last National Bank puts $400 of this money in vault cash, and the remainder is deposited at the Fed. Assuming a required reserve ratio of 20% for all banks answer the following questions. What would the amount of demand deposits at Last National Bank for Judy be? $ 500 $ 1,000 $ 2,000 $ 3,000 Question 44 (1 point) Saved Given the information presented in the prior question, what would the total demand deposits for Last National Bank be? $ 500 1000