The commercial banks hold $33,000,000 in reserves. The public holds $720,000,000 total deposits in the banks and $48,000,000 in currency outside ti banks. 1. What is the money supply? Give the number and show your work. (2) 2. If the central bank managed to increase the monetary base by $3,000,000, how much would the money supply increase (assume unchanged currency- deposit & reserve-deposit ratios)? Give the number and show your work. (3) Upload Choose a File The commercial banks hold $33,000,000 in reserves. The public holds $720,000,000 total deposits in the banks and $48,000,000 in currency outside ti banks. 1. What is the money supply? Give the number and show your work. (2) 2. If the central bank managed to increase the monetary base by $3,000,000, how much would the money supply increase (assume unchanged currency- deposit & reserve-deposit ratios)? Give the number and show your work. (3) Upload Choose a File