ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%2 Homework: Money and Banks; Monetary Policy Ass... Saved 9 Refer to the News Wire to answer the following questions 2 points NEWS WIRE RESERVE REQUIREMENTS China Cuts Reserve Requirements X 00:21:45 BEIJING-For the third time this year China's central bank reduced the amount of reserves commercial banks are required to hold, freeing up money for lending in the latest easing measure to shore up the world's second-largest economy. Book The People's Bank of China's half percentage point cut in the reserve requirement lowers the reserve- requirement ratio, or RRR, to 15.5 percent. The move frees up about US $108 billion in additional funds Print that banks can now lend. References Source: News reports, July 5-10, 2018. According to the News Wire, Instructions: Round your responses. to one decimal place a. by how much did excess reserves in China increase? billion b. by how much did the lending capacity of Chinese banks increase as a result illion Mc Graw Pre.v. 9 of 10 Next > nguage_Arts_Vi..mp4 =] Pre-edTPA Practi.docx Commentary_Pra... . docx 4- ELE_Instruction_C....doc Tas Search W DI 10 144 # 3 $ % & 5 6