Name: Course: Section: MONEY AND MDNE'I'ARY FDIJCY WORKSHEET 1. For each case, determine the maximum quantity of money generated in the economy after all rounds of leading are completed. Show all your work. a. Reserve requirement is 1MB and excess reserves are $11 million b. Reserve requirement is 5% and excess reserves are $13 million c. Reserve requirement is 2 '53 and excess reserves are $2 million 2. Determine whether each of the following accounts is an asset or a liability to XYZ Bank. a] Cash held in vaults: S 32 million b] Bonds: 5 18 million c} Home loans: $ 2 million d] Deposits: $ 42 million e] Reserves: 5 20 million f} Bormwings from other banks: i 3!] million 3. The Federal Reserve is headed by the [Board of Governorshe Presiderrh'Chair], consisting of members appointed by [Board of Governorshe PresideotIChair] and conrmed by [Board of Govemorsl're Presidentithe Senate]. 4. List three components or purposes of bank regulation