In the economy of Robberia, the monetary base is $4300. People hold 30% of their money in the form of currency (and thus 70% as bank deposits). Banks hold 20% of their deposits in reserve.

Throughout this question, enter all answers to THREE places after the decimal.

The reservedeposit ratio equals 0.2

The currencydeposit ratio equals 0.42

The money multiplier equals 2.290

The money supply equals $9847

b. One day, a rash of street robberies strikes fear in the population, and people now want to hold only 10.000% of their money in the form of currency. If the central bank does nothing, what is the new money supply?

Note: Banks continue to hold 20% in reserve and the monetary base is still $4300.

The new money supply equals $ 15357.17

Now after viewing all the questions above with their correct answers please help me answering the question below.

c. In the face of this panic, the central bank wants to conduct an openmarket operation to keep the money supply at its original level. Calculate, in dollars, how much the central bank needs to transact.

The central bank sells $______________________ worth of bonds