) Suppose that the reserve requirement in Malaysia is 20 percent. Also suppose that the monetary base consists only of transaction deposits. If the Central Bank of Malaysia purchases RM1,000,000 of securities, (i) how much is the amount of required reserves and excess reserves? (4 marks) (ii) what is the maximum possible change in total transactions deposits in the banking system? (2 marks) (iii) There is a possibility that the final change in total transactions deposits is less than what calculated in part (ii). Discuss TWO (2) factors. 13 marks)