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1.Assume that there is only one bank in the economy that is fully loaned up with $420 million in reserves, $8.4 billion in deposits and

1.Assume that there is only one bank in the economy that is fully loaned up with $420 million in reserves, $8.4 billion in deposits and $7.98 billion in loans

a.Basedon this information, show this bank's simplified T-accountTABLE

b. Whatis this bank's reserve requirement ratio?

c. Whatis the size of the money multiplier?

d. Whatdoes this value mean in simple words?

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