Calculate the following amounts for the imaginary economy of Omicron.

Question 3 [8 points] Calculate the following amounts for the imaginary economy of Omicron. Please make sure your nal answer(s) are accurate to 2 decimal places. a) Bank reserves are $300, the public holds $1,150 in currency, and the reserve ratio is 0.25. Find deposits and the money supply. Deposits = $ @ Money Supply = $ 3 b) The money supply is $1,700, of which $500 is currency held by the public. Bank reserves are $300. Find the reserve ratio. Reserve ratio = 0 c) The money supply is $2,000, and currency held by the public equals bank reserves. The reserve ratio is 0.25. Find bank reserves. Bank reserves = $ E