Assume that the Fed sets the required reserve ratio equal to 10 percent. If the banking system has $20 million in required reserve assets, what is the amount of checkable deposits outstanding? What...

Assume that the Fed sets the required reserve ratio equal to 10 percent. If the banking system has $20 million in required reserve assets, what is the amount of checkable deposits outstanding?

What are net exports? How are they related to the exchange rate?