7.Suppose that the reserve ratio is 20 percent and that the total amount of deposit in the banking system is 80 million. Find how much cedis of reserves would be the banking system. 8.Suppose 1000 is deposited in a local bank and goes through the entire banking system, calculate how much the money supply could be expanded with a required reserve ratio of 10 percent . 9.if a bank has total deposits of 10000, with 1200 set aside to meet reserve requirements of central bank find it required reserve ratio 10. Suppose the banking system has 2000000 and required reserves of 220000. a. If the reserve requirement is 10 percent, determine the maximum loan that the banking system can make, and the maximum increase in the money supply based on the banking system's reserve position. b. If the reserve requirement is changed to 5 percent, find how much the banking system can lend, and how much the money supply can be expanded. 11.Jon has decided to cash in his 1500 pay cheque and keep his money underneath his mattress rather than deposit his pay cheque into a bank. What impact will Jon's actions have on the multiple deposit creation process? Using the money multiplier equation, show numerically the impact of Jon actions on the demand deposit portion of the money supply if the reserve requirement is 10%? What is the impact on Ml