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b. Assumptions: (1) The initial open market operation increases reserves by $100; (2) the required reserve ratio is 0.20; (3) no currency is held by the nonbank public; (4) no excess reserves are held by banks. Fill in the Table 1 below for deposit expansion. (16 marks) Table 1: Deposit Expansion Step Total Created Money Money Created Excess Reserves Required Reserves 1 2 3 4 500 0 0 100 (16 marks)