Question: Please help me with the last question. Assignment 8 0 Saved Help Save a. Exit Submlt You decide to take $500 out of your piggy

Please help me with the last question.

Assignment 8 0 Saved Help Save a. Exit Submlt You decide to take $500 out of your piggy bank at home and place it in the bank. If the reserve requirement is 5 percent, calculate 31 how much your $500 will increase the amount of moneyI in the economy. a. When you deposit the $500, the bank will hold 5 25 on reserve, and the other $ 475 will be lent out. 3 b. The money multiplier is 20 . The $500 will be able to generate a total of $ 10000 in deposits. c. Your $500 deposit will increase the amount of money in the economy by $ References

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