On January 10, 2017, a man in Lebanon, Virginia, frustrated with the DMV bureaucracy, paid his DMV bill with 300,000 pennies that he carted into the DMV office in five wheelbarrows. The DMV had to count all these pennies and deposit them into the DMV bank account. After the DMV deposit and assuming a reserve requirement of 6 percent, calculate the initial change in Instructions: Enter your responses as a whole number. a. Money supply. b. Deposits. c. Total reserves. d. Excess reserves. e. Calculate the cumulative change in the banking system in lending capacity. LA

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