Can you assist on 1a, 1b, and 1c? Thank you:)

Lesson 09 ConcepTest 1. Consider the following simplied balance sheet for a bank. Use this balance sheet to answer the questions below: Liabilities Deposits $70,000 a. If the required reserve ratio is 0.05, or 5%, how much in excess reserves does the bank hold? b. What is the maximum amount by which the bank can expand its loans? 0. If the bank makes the loans in part (b), what would the maximum amount of total increase in the money supply be in the economy