Table A below shows abbreviated balance sheets for the central bank in the country of Beckland and B shows tables for its whole commercial banking system. The target reserve ratio for the banks is 8 percent. (All figures are in billions of dollars) a Suppose that the Bank of Beckland buys $2 billion of government securities (T-bills) from the commercial banks. Show the immediate effects of this transaction on the balance sheets in column (1) of Tables A and B A) Central Bank of Beckland Assets Treasury bills Short-term loans to banks (1) $ (0) 5 $200 Liabilities Notes in circulation Government deposits Deposits of banks $193 8 10 9 (2) (1) (2) Liabilities Deposits 200 2 B) Beckland's Banking System Assets Reserves: in vaults in Bank of Beckland Securities Loans to customers 9 35 Short-term loans from Bank of Beckland Equity 10 6 165 b. What effect does this transaction have on the money supply of Beckland? Money supply (Click to select) 1!! Noy 1 35 Equity Securities Loans to customers 165 b. What effect does this transaction have on the money supply of Beckland? Money supply (Click to select) c. What effect does the transaction have on the banking system's excess reserves? Banks become (Click to select) by $ billion d. If the banks were to fully loan-up, show the result in column (2) of the banking system's balance sheet. To answer this question, complete the column (2) in the above table. Round your answers to the nearest whole numb e. By how much has money supply now changed? Round your answers to the nearest whole number Change in money supply +/- of $ billion. 6 of 6 HH