Question 3 The payments system (10 points). Suppose the old bankers in the central is land own $5,000,000 of fiat money and creditors are owed $7,500,000. 1. Compute the price at which creditors will be able to sell the debt they own. 2. How much interest (gross interest rate) will a bank be willing to pay in order to have one more dollar of fiat money? 3. Suppose the central bank is willing to purchase $2,000,000 worth of debt. What will the price of debt be in that case