Please answer correct calculation please answer correct both are questions please answerDon't answer by pen paper plz What are checkable deposits (Y) and excess reserves (X)?Table 2Required ReservesExcess ReservesLoansReserve Ratio$2,500,000, and $2,000,000Question 33O $500,000 and $400,000O $2,000,000 and $1,800,000O $0 and $200,000AssetsO $20 millionO $108 millionPiggy Bank Balance SheetO $12.5 millionO $0Using Table 2, assume the Federal Reserve increased the money supply andcheckable deposits (Y) were deposited in this bank, in theory, how much moneycould be created?Liabilities$500,000 Checkable Deposits$X$020%SY

Excess reserves will be computed as total reserves minus required reserves. Money multiplier will be…

What are checkable deposits (Y) and excess reserves (X)? Table 2 Required Reserves Excess Reserves Loans Reserve Ratio O $2,500,000, and $2,000,000 $500,000 and $400,000 Question 33 Assets O $2,000,000 and $1,800,000 O $0 and $200,000 O $20 million O $108 million Piggy Bank Balance Sheet $12.5 million $0 $500,000 Checkable Deposits $x Using Table 2, assume the Federal Reserve increased the money supply and checkable deposits (Y) were deposited in this bank, in theory, how much mon could be created? Liabilities $0 20% SY