D Question 53 2 pts Assume that you deposit $1,000 in a bank account. Based on this, how much new money would the banking wstem as a whole be able to create if the minimum reserve requirement is 8% on deposits? $11,500 $8,000 O $1,000 D Question 54 2p The Federal Reserve System (the Fed) is O an important part of the federal government O a quasi or semi-independent institution O a private, fully independent institution an important arm of the U.S. Congress D Question 54 2p The Federal Reserve System (the Fed) is O an important part of the federal government O a quasi or semi-independent institution O a private, fully independent institution O an important arm of the U.S. Congress Question 56 The Federal Reserve System has -----district banks throughout the U.S. 12 O 7 20 0 50