econ 203 lab 5 question 3

can someone answer a b c? with formulas used possibly?

Question 3 [8 points] Calculate the following amounts for the imaginary economy of Zeta. Please make sure your nal answer(s) are accurate to 2 decimal places. a) The money supply is $2,700, of which $450 is currency held by the public. Bank reserves are $450. Find the reserve ratio. [Reserve ratio = 0 I b) Bank reserves are $150, the public holds $250 in currency, and the reserve ratio is 0.1. Find deposits and the money supply. Deposits = $ 0 Money Supply = $ 0 c) The money supply is $3,850, and currency held by the public equals bank reserves. The reserve ratio is 0.1. Find bank reserves lBank reserves = $ 0 l