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Macroeconomic help. please show work so i can see how to do it. QUESTION 31 Suppose people hold $1000 million of currency, total checking deposits

Macroeconomic help. please show work so i can see how to do it.

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QUESTION 31 Suppose people hold $1000 million of currency, total checking deposits in the commercial banking system are $5000 million, and commercial bank reserves (held at the Federal Reserve) are $500 million. In this case, (assuming no traveler's checks), the M1 money supply equals O $1500 million $5000 million $6000 million $6500 million QUESTION 32 Suppose people hold $1000 million of currency, total checking deposits in the commercial banking system are $5000 million, and commercial bank reserves (held at the Federal Reserve) are $500 million. Assume that commercial banks do not hold excess reserves. In this case, the required reserve ratio is O 7.7% O 8.3% O 10% O 20% QUESTION 33 Suppose the required reserve ratio is 10 percent, and commercial banks do not hold excess reserves at the Federal Reserve. Suppose that an individual withdraws $1 million out of their checking account at BankOne. Then, all else equal, the total amount of loans and bonds at BankOne must increase by $1 million. O the total amount of loans and bonds at BankOne must decrease by $1 million. the total amount of loans and bonds at BankOne must increase by $900,000. the total amount of loans and bonds at BankOne must decrease by $900,000

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