Part 1 (1 point) See Hint Assume that banks hold no excess reserves and that all currency is deposited into the banking system. If the required reserve ratio is 15.00%, and the Federal Reserve wants to increase the money supply by $35.00 million, the Fed would need to make an open market purchase of $ million. (Insert your answer in millions, and round to two decimal places.) Part 2 (1 point) See Hint Assume that banks 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 decrease the money supply by $50.00 million, the Fed would need to make an open market sale of $ million. (Insert your answer in millions, and round to two decimal places.)