The next three questions refer to the below information. You are currently the Treasurer of a bank that focuses on wealthy customers and their family-owned businesses. You know from experience that these customers can have wide swings in their daily cash balances. As Treasurer, your company's Board of Directors holds you solely responsible for making sure the bank has sufficient cash on hand to meet its customers' needs and fulfill its reserve requirements. As such, you always hold excess reserve balances. Your bank's policy is to hold reserves against all deposits of 22%. Your bank currently has deposits of $50 billion. How much does the bank hold in reserves? Please answer in Billions of dollars. You have $5.0 billion of excess reserves. What is the required reserve ratio in % terms? From Prior: You are currently the Treasurer of a bank that focuses on wealthy customers and their family-owned businesses. You know from experience that these customers can have wide swings in their daily cash balances. As Treasurer, your company's Board of Directors holds you solely responsible for making sure the bank has sufficient cash on hand to meet its customers' needs and fulfill its reserve requirements. As such, you always hold excess reserve balances. Your bank's policy is to hold reserves against all deposits of 22%. Your bank currently has deposits of $50 billion. For a new deposit of $3.0 billion, how much will the bank want to hold in required reserves (expressed as \$ millions)? From Prior: You are currently the Treasurer of a bank that focuses on wealthy customers and their family-owned businesses, You know from experience that these customers can have wide swings in their daily cash balances. As Treasurer, your company's Board of Directors holds you solely responsible for making sure the bank has sufficient cash on hand to meet its customers' needs and fulfill its reserve requirements. As such, you always hold excess reserve balances. Your bank's policy is to hold reserves against all deposits of 22%. Your bank currently has deposits of $50 billion