1.What effects do the following transactions have on the demand deposits and reserves of Alpha Bank?On the whole commercial banking system? Why? (The required reserve ratio is 20 percent.)

a.Ernie Jones withdraws $100 from his demand deposit account in Alpha Bank.

b.Susan Smith borrows 4500 from Alpha Bank, but puts the proceeds into Bravo Band.

c.Betty Cohen deposits $200 in her account at Alpha Bank by a check drawn on someone else's account at Alpha Bank.

d.Susan Smith pays off her loan at Alpha Bank by a check drawn on her account at Alpha Bank.