Answer the next question based on the following consolidated balance sheet for the chartered banking system.Assume the desired reserve ratio is 30%.All figures are in millions of dollars. 
(a) What is the amount of excess reserves in this chartered banking system?
(b) What is the maximum amount that the money supply can be expanded?
(c) If the reserve ratio fell to 25 percent, what is now the maximum amount that the money supply can be expanded?
Definitions:
Transnational Human Capital
Transnational human capital refers to the skills, knowledge, and experience possessed by people that can be utilized across international borders, often enhancing global business operations and fostering cross-cultural understanding and cooperation.
Customizing Products
The process of modifying or building products to meet individual customer needs or preferences.
Performance Management
The process of ensuring employees' activities and outputs align with an organization's goals, often involving planning, monitoring, and reviewing employees’ work objectives and contributions.
Annual Compensation
The total amount of money and benefits an employee receives in one year.
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