d) (5 points). Assume that because of this recession, the demand for money falls by 20 pesos. The central bank intervenes to maintain the exchange rate. Starting from the balance sheet after the market operation in b), What happens to domestic credit? What happens to foreign exchange reserves? Calculate the new backing ratio. b) (5 points). Suppose that Home's central bank purchases 10 pesos in government bonds. Show how this affects the central bank balance sheet. Describe the market operation the central bank must do to maintain the xed exchange rate. Compute the new backing ratio