Use the World View to answer two questions. By how much did the following increase when China cut the reserve requirement: Instructions: Enter your responses as a whole number. Also note that answer responses are in U.S. dollars (not yuan). a. Excess reserves? billion b. The lending capacity of the banking system? $ billion Use the World View to answer two questions. WORLD VIEW China Cuts Reserve Requirements The People's Bank of China (PBOC) has cut the reserve requirement for small and medium-sized banks. The cut from 7 percent to 6 percent will free up 400 billion yuan (\$56 bilion) in roserves for the county's 4,000 affected banks, many of which serve rural areas. The reserve cuts are seen as another response to the oconomic calamity caused by the coronavirus pandemio. Economic lockdowns in China and around the world have hit Chineso exports hard, with GDP stalling and unemployment rising. The PBOC's cuts are intended to encourage more lending and borrowing, especially among smaller enterprises. Source News ruports, Apbi t t-:, 2020 By how much did the following increase when China cut the reserve requirement: Instructions: Enter your responses as a whole number. Also note that answer responses are in U.S. dollars (not yuan). a. Excess reserves? $ billion b. The lending capacity of the banking system? $ billion