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3.1)  Assumethat in a country the total holdings of banks were as follows:Amountin million dollarsRequired Reserve$45Excess Reserve$15Deposits$750Loans$600Treasury Bonds$90Show that the balance sheet balances if these are the only assets andliabilities.Assuming that people hold no currency, what happens to each of thesevalues if the central bank changes the reserve requirement ratio to 2%, banksstill want to hold the same percentage of excess reserves, and banks do notchange their holdings of Treasury bonds? How much does the money supply changeby?