The newly independent country of Ventura starts by printing 1,000,000 vens, the currency they will use. A banking system is also established. Ventura residents decide to hold 500,000 in cash and deposit 500,000 in the banking system. The Central Bank of Ventura sets a required reserve ratio of 25%. Commercial banks hold exactly 25% of deposits in reserve and nothing over the required amount. They loan out the rest of the deposits. Lastly, we assume that every time the bank makes a loan, the loan results in a new checkable bank deposit in the amount of the loan. a. What is Ventura's money supply? b. Now suppose that during the holiday season the residents of Ventura withdraw $100,000 from banks for cash. So 600,000 is held in cash and 400,000 is kept in deposits. What is Ventura's money supply? c. What do you notice about the relationship between the commercial banks' ability to create 'money' and the preference of people to hold cash