Student no. Is 3202213

Time left 0:38:47 The following information are provided for the Canadian banking system: - Currency in Circulation = $280 million - Chequable Deposits = $420 million - Money Supply = $750 million - Total Reserve = $77 million If your student number is below 3000000, then the desired/required reserve ratio is 6%. If your student number is above 3000000, then the desired/required reserve ratio is 4%. a) Calculate the currency ratio. b) Calculate the excess reserve ratio. c) Calculate the monetary base. d) Calculate the money multiplier. e) Explain how an increase in the currency ratio and a decrease in excess reserve ratio will affect the money multiplier