money and banking

3. (A) Calculate the money multiplier for the following information: the required reserve ratio is 10%, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves are $0.8 billion. (10pts) (B) if the Fed wants to decrease money supply by $200 billion, given your answer in part (A) describe the action the Fed needs to take. (5pts) 4. First National n