Question: can someone help me woth macro please Assume that the desired reserve ratio is 6 percent and that the Bank of Canada sells $3 million

can someone help me woth macro please

Assume that the desired reserve ratio is 6 percent and that the Bank of Canada sells $3 million worth of government securities to a customer who pays with a cheque drawn on TD Canada Trust. a. The excess reserves of TD Canada Trust have changed by how much? $ million (Round your answor to two decimal places.) b. By how much has the money supply changed? $ million. (Round your answer to two decimal places.) million (Round your answer c. What is the maximum change in the money supply that can result from this sale? $ to two decimal places.)

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