. If the Fed lends the banking system a total of $70 million but depositors withdraw $100 million and hold it as currency, what happens to reserves and the monetary base? Use T-accounts to explain your answer

Can you show me the calculation of the monetary base and what happens to it like what are the new changes in the monetart base

I had done the question but failed the monetary base part help in that. That partmade me loose 3 points. I want to see the answe

1) Step 1 ifedknding $70m to fise bonks FRS A Discant loas +$70m Reseries +$70m Step2: Withdrawal of $100M FRS A Disconthens /+ Bitom L Roserses $30M Curfoncy +$100m Bankiry System The manotry base andbak roserves decrease by \$30m What happens to MB