Suppose in 2021 you earned $350,000 in profit from your Hair salon. You deposited $350,000 in the Bank of Nova Scotia (BNS), which is the only bank in the economv. The Bank of Nova Scotia can loan a maximum of $300.000. Due to your interest in business, you are regularly updated on the financial reports by the media. You read that the number of times we used the money supply to buy goods and services in the economy was 50 in 2021. You later heard on the news that there was 50,000 quantity of final goods recorded in 2021 and price level was 20 a) Calculate the required reserve ratio. b) How much is the deposit expansion multiplier? c) Why is BNS required to hold the required reserve ratio determined? d) Name and explain any two (2) methods by which the bank controls money supply. e) Why do you accept compensation from your clients in the form of money? Give at least 4 reasons f) Using the Equation of Change concept, calculate the money supply