7. The money creation process Suppose Southeast Mutual Bank, Walls Fergo Bank, and puMerton Bank all have zero excess reserves, The required reserve ratio is presantly set at 5\%. Yakov, a Southeast Mutual Parkik customer, deposits $200,000 into his checking account at the local branch. Complete the foliowing table to refiect any changes in Southeast Mutual Bank's T-account (before the bank makes any new founs). Complete the following table to show the effect of a new deposit on ercess and required reserves when the required reserve ratio is 5 th Dina in turn. Assume this process continues, with each successive loan deposited into a checking account and no banks keeping any excess reserves. Under these assumptions, the $200,000 infection into the money supply resutts in an overall increase of in demand deposits