Connect Problem 08-13 (algo) Below is the simplified balance sheet of Gorgonzolan commercial banks at some point in time. Assets Amount Liabilities Amount Currency (= reserves) 400, 000 Deposits 700, 000 Loans 300,000 Assume that the Gorgonzolan commercial banks desire to hold reserves of 20 percent of deposits and that the public holds no currency long term. Instructions: Enter your responses as whole numbers. a. Given the data in the balance sheet, the Gorgonzolan commercial banks want to hold |140000 @ in reserves. b. The Gorgonzolan commercial banks currently have in extra reserves that they would like to lend out. c. Assuming that no additional reserves enter the Gorgonzolan banking system, the final values of bank reserves, loans, and deposits are: Final consolidated balance sheet Assets Amount Liabilities Amount Currency Final value of bank 400000 Deposits reserves Loans d. The final value of the money supply is: guilders