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:
Diversified Sources of Revenue
Refers to an organization's strategy of obtaining funding from a variety of streams to reduce financial risk and ensure sustainability.
Affiliations
Associations or connections between individuals or organizations based on common interests or agreements.
Alliances
Partnerships or associations formed between individuals or organizations to pursue shared goals or interests.
Driving Forces
Key factors or influences that propel an organization, individual, or system towards change or development.
Q2: Why is it important for the Bank
Q4: Microeconomics is concerned with:<br>A)the aggregate or total
Q5: In the factor market:<br>A)businesses borrow money capital
Q16: Answer the next five questions on the
Q21: What variables are used to determine the
Q33: In the simple circular flow model:<br>A)households are
Q35: Describe and explain what is meant by
Q49: What are some of the characteristics of
Q93: In market economies, profit primarily depends on
Q114: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the