Cl) Read the following news from Reuters on 20 Apr 2015 (Source: Yahoo Finance) BEIJING (Reuters) - China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth. The People's Bank of China (PBOC) lowered the reserve requirement ratio (RRR) for all banks by 100 basis points to 18.5 ercent, effective from A ril 20, 2015. a) Apply the concept of supply and demand to explain how this new policy impacts the stock and property market (5 marks). b) What other measure(s) can the China's central bank introduce to simulate the economic growth? ( 5 marks) c) In early 2015, the US Currency is relative strong comparing with other currency. What are the impacts of a strong US currency to the economy of Hong Kong, China and worldwide? (6 marks)