$4.$ Referencing the textbook explanation, describe $($the primary way$)$ money is created in the economy. In your explanation, you must correctly apply the following terms: actual reserves, required reserves, and excess reserves.

$5.$ Why is the banking system in the United States referred to as a fractional reserve bank system?

$6.$ What is the role of deposit insurance in a fractional reserve system?

$7.$ Write a short paragraph comparing the textbook description of the money system to Perry Marling's lecture videos.