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please answer Q1 (20 marks). Could you tell how MI and M2 of the U.S. are to be affected by the following situations? 1.a (10

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Q1 (20 marks). Could you tell how MI and M2 of the U.S. are to be affected by the following situations? 1.a (10 marks) A criminal gang forces into a U.S. bank's vault and takes $10 million of paper bills. 1.b (10 marks) The Federal Reserve spends $500 million to buy Treasury bills from JP Morgan Chase, a large bank. The bank in turn lent $300 million of the $500 million to a business company which put the $300 million as deposits in its checking account in JP Morgan Chase

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