Suppose that both the currency-deposit ratio and reserve-deposit ratio was 0.2. Over the last 12 months, the public changed its currency-deposit ratio to which the Fed responded by decreasing the reserve-deposit ratio to 0.15.The reason was that the Fed wanted to keep the money supply from changing andand thus maintaining the same monetary base.Based on this information calculate the new currency-deposit ratio.(Show your workings out and express your answer as an integer with THREE decimal places)[3 marks]