1. Assume that RRR=10% and the following transactions happens in the given order: i. Central Bank buys T-bonds from Bank A in the value of $5000. ii. Bank A lends $4000 to Jim. iii. Jim deposits $3000 in Bank B. iv. Bank B lends $2000 to Sherry. Sherry deposits $1500 to Bank C and Bank C keeps all proceedings in the V. reserves. Note: To answer the following questions, prepare T-accounts for each bank affected by the transaction and the CB. a. Calculate the change in required reserves in the banking sector as a result of actions i-v. b. Calculate the change in excess reserves in the banking sector as a result of actions i-v. c. Calculate the change in deposits in the banking sector as a result of actions i-v. d. Calculate the change in cash in circulation as a result of actions i-v. e. Calculate the change in monetary base as a result of actions i-v. f. Calculate the change in money supply (M1) as a result of actions i-v