The First National Bank has total deposits of $675,000 and excess reserves of $22,300. If the required reserve ratio is 9 percent, the First National Bank has total reserves of:

Group of answer choices

$58,743

$60,750

$81,093

$83,050.

$24,307

Assume the Fed sells $32,140 worth of U.S. Treasury bonds to the First National Bank. Assuming that the required reserve ratio is 12.5 percent, then the money supply in the economy will ultimately:

Group of answer choices

increase by a maximum of $257,120.

increase by a maximum of $401,750.

decrease by a maximum of $32,140.

decrease by a maximum of $257,120.

decrease by a maximum of $401,750.