NEWS WIRE : RESERVE REQUIREMENTS China Cuts Reserve Requirements Beijing-China's central bank reduced the amount of reserves commercial banks are required to hold, freeing up money for lending in the latest easing measure to shore up the world's second-largest economy . The People's Bank of China's percentage point cut in the reserve requirement lowers the reserve-requirement ratio, or RRR, to 11.5 percent for large banks. The move frees up about US$79 billion in additional funds that banks can now lend. Source: News accounts of March 2020. Instructions: In part a, enter your response as a whole number. In part b, round your response to one decimal place. According to the News Wire, a. by how much did excess reserves in China increase? $ billion b. by how much did the lending capacity of Chinese banks increase as a result? $ billion 475 APR 26 M stv I MacBook Pro + C G Search or type URL # $ % 8 @ 8 2 3 4 5 6 O W E R T Y U H K F J S D G