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Can you assist on 2a and 2b please? Reminder read 2b carefully it mentions something 2a in there. Thanks 2. Suppose that you take $10,000

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Can you assist on 2a and 2b please? Reminder read 2b carefully it mentions something 2a in there. Thanks

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2. Suppose that you take $10,000 of currency you are holding at home in a safe and you deposit the $10,000 into your checking account deposit at Bank Y. Assume that Bank Y has no excess reserves at the time you make your deposit and that the required reserve ratio is 15 percent. Answer the following questions: a. Use a Taccount to show the initial effect (meaning only what happens at the moment of deposit) of this transaction on Bank Y's balance sheet. You 'll be showing the change to both Sides of the T-Account table, not a total amount. Table 2a: Bank Y's TAccount (initial deposit) Assets Liabilities Reserves: Deposits: Loans: b. Suppose that Bank Y makes the maximum loan they can from the funds you deposited in part a above. Use a T account to show the initial effect (meaning only what happens at the moment of the loan creation) on Bank Y's balance sheet from granting the loan. You 'll be showing the change to both sides of the T-Account table, not a total amount. Table 2b: Bank Y's T-Account (loan creation) Assets Liabilities Reserves: Deposits: Loans

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