Suppose the demand for reserves is initially Rd0 inthe figure on the right. ?(Do not round your? answers.)

Nonborrowed reserves? = ?$ billion.

Borrowed reserves = billion

The federal funds rate= %

The discount rate= %

The interest rate on reserves =%

Suppose the demand for reserves is initially R, in the figure on the right. (Do not round your answers.) Nonborrowed reserves = $ billion. Borrowed reserves = $ billion. eral Funds The federal funds rate = % 3, Iff The discount rate = % 6.5 The interest rate on reserves = % 5.5 4.5 $40 bil $41 bil Quantity of Reserves, R