Suppose the country of Utopia's monetary system is described as follows: Monetary Base : $1000 Currency-Deposit Ratio : 50% Reserve-Deposit Ratio : 20% (also called "required-reserve ratio") (Part A) Calculate the total amount in Checking Deposits, Reserves, Loans and the Money Supply (Ms ). (Show all your calculations. Follow the balance sheet methodology provided in the lectures and illustrate at least 3 steps showing the balance sheets of banks). Calculate the money multiplier. (Part B) Assume that the currency-deposit ratio decreases to zero (households decide not to hold any cash). Revise your calculations: Checking Deposits, Reserves, Loans and Money Supply. (Show your calculations. Follow the balance sheet methodology provided in lectures and illustrate at least 3 steps showing bank balance sheets). Calculate the money multiplier