Suppose the Bank of Canada buys $6000 bonds from Jane. In return for the Bonds it gives Jane a check for $6000. Suppose Jane deposits the check with the Bank of NS, and the required depositreserve ratio (rr) for all banks is 10%. Assume there are the currency-deposit ratio (cr) is zero for now and that banks do not hold any reserves beyond the required amount (10%): (a) What will be the change in Janes deposit of the check on the balance sheet of the Bank of NS? (b) If the Bank of NS holds all of the deposit in reserve, by how much with the money supply increase due to the Bank of Canadas bond purchase? (c) Now suppose the Bank of NS lends out as much of the deposits as legally possible, and so does every other bank, by how much will the money supply increase due to the Bank of Canadas bond purchase? (d) How does your answer in (c) change if Jane holds 5% of the initial check in currency, and everyone in the economy also decides to hold 5% of money received in currency and deposits the rest? (HINT: Find the currency-deposit ratio)