Jane wins $200 comma 000200,000 playing the lottery, and instead of spending it, she deposits it into her checking account at the first bank of anywhere. her bank makes a loan (equal to its excess reserves) to mary, who uses the money to remodel her home. the remodeling company deposits the money into the second bank of anywhere. the required reserve ratio is 66 percent and each bank initially has no excess reserves . the amount of the loan made by the first bank equals $nothing. (enter your response as an integer.)

Consider a treasury bill with a rate of return of 5% and the following risky securities: security a: e(r) = .15; variance = .0400 security b: e(r) = .10; variance = .0225 security c: e(r) = .12; variance = .1000 security d: e(r) = .13; variance = .0625 the investor must develop a complete portfolio by combining the risk-free asset with one of the securities mentioned above. the security the investor should choose as part of her complete portfolio to achieve the best cal would be a. security a b. security b c. security c d. security d