3. In the hypothetical country of Eastlandia, banks are required to hold 10% of checkable deposits as reserves. Also, the public holds none of the loans as currency in circulation and redeposits all the loans. a.Complete the table (calculations should be to no more than two decimal places). None of loa proceeds Loan Round Deposits Required Reserves Excess Reserves New Loans are held as proceeds of 10% currency redeposite in circulation d by people (Enter (Enter (Enter your 1 $500 response your response response (Enter your (Enter your your response response here.) here.) here.) here.) here.) (Enter (Enter (Enter (Enter (Enter your your (Enter your 2 your your your response response response response response response here.) here.) here.) here.) here.) here.) (Enter (Enter (Enter (Enter your your your (Enter your (Enter your 3 your response response response response response response here.) here.) here.) here.) here.) here.) (Enter (Enter (Enter (Enter (Enter your (Enter your 4 your your your your response response response response response response here.) here.) here.) here.) here.) here.) None of loan proceeds Losu Round Deposits Required Reserves of 10% Excess Reserves New are held as Loans currency proceeds redeposite in d circulation by people (Enter (Enter (Enter (Enter 5 your (Enter your (Enter your your your your response response response response response response here.) here.) here.) here.) here.) here.) (Enter (Enter (Enter (Enter (Enter your (Enter your 50 your your your your response response response response response response here.) here.) here.) here.) here.) here.) (Enter (Enter (Enter (Enter (Enter your (Enter your 7 your your your your response response response response response here.) here.) here.) here.) response here.) here.) (Enter (Enter (Enter (Enter 00 your your your (Enter your (Enter your your response response response response response here.) here.) here.) here.) here.) response here.) (Enter (Enter (Enter (Enter 9 your your your (Enter your (Enter your response response your response response here.) here.) here.) response here.) response here.) here.) (Enter (Enter (Enter (Enter (Enter your (Enter your 10 your your your your response response response response response response here.) here.) here.) here.) here.) here.) (Enter (Enter (Enter your your Total: response here.) response here.) (Enter your your response response here.) here.) (Enter your (Enter your response response here.) here.)