Part 1 [1 point) 0 See Hint Assume that ban ks hold no excess reserves and that all currency is deposited into the banking system. if the required reserve ratio is 10.00%. and the Federal Reserve wants to increase the money supplyr by $30.00 mill ion. the Fed would need to make an open market purchase of 3 mill ion. {I nsert your answer in mill ions. and round to two decimal places.) Part 2 [1 point) 0 See Hint Assume that ban ks hold no excess reserves and that all currency is deposited into the banking system. if the required reserve ratio is 5.00%. and the Federal Reserve wants to decrease the moneyr supply by $45.00 million. the Fed would need to make an open market sale of $ mil lion. [l nsert your answer in mil lions. and round to two decimal places.) Part 3 [1 point) 0 See Hint Suppose that banks decide to hold excess reserves. In order for the Federal Reserve to change the money supply by the same amounts as in parts 1 and 2. it would need to make Choose one: i: A. a larger open market purchase but a smaller open market sale. '3' E. a smaller open market purchase and a smaller open market sale. i3- C. a smaller open market purchase but a larger open market sale. C- D. a larger open marl-oat purchase and a larger open market sale