MILLER Question 06: For the following list of items, indicate if they are in M1,M2, or neither: Technically, if any of the above are in M1, they are also in M2 since M2 includes all of M1 plus a few additional categories of "money". MILLER Question 10: Assume the required reserve ratio, rrr, is 20\%, and Chicagoland Commercial Bank's balance sheet is shown below. a) The $200 in total reserves ("cash back in the safe") can be split up into required reserves and excess reserves. The required reserves can be calculated by multiplying the rrr by the bank's demand deposits. This is.... b) Total reserves = required reserves + excess reserves. Now that you calculated required reserves, determine the amount of excess reserves. c) What will the bank try to do with those excess reserves