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Please answer both questions fully with steps and instructions. Thank you! (14 points) Assume that the monetary base (B) is $600 billion, money supply is $3300 billion, the reserve deposit ratio (rr) is 0.1 . 1) What is the currency deposit ratio (cr)? (7 points) 2) If cr changes to 0.2 , but rr and B are unchanged, what is the money supply? ( 7 points).

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Please answer both questions fully with steps and instructions. Thank you! (14 points) Assume that the monetary base (B) is $600 billion, money supply is $3300 billion, the reserve deposit ratio (rr) is 0.1 . 1) What is the currency deposit ratio (cr)? (7 points) 2) If cr changes to 0.2 , but rr and B are unchanged, what is the money supply? ( 7 points)

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