Part 2: Making Connections- Assume that you run a commercial bank with the rates below. Complete the following based solely on the information given. Interest on Reserves Rate =2% Discount Rate =5% Interest Rate from Business Loans =6% Federal Funds Rate =3% 5. If you need to borrow money, who will you borrow from? Explain your reasoning. 6. If you have extra money, how will you loan it out? Explain your reasoning. 7. Assume the central bank increased the interest of reserves rate to 4%. Explain why the federal funds rate would necessarily increase. 8. Would the increase of the interest of reserves rate be considered expansionary monetary policy or contractionary monetary policy? Explain