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Can you help me solve this problem and show all work 1. Bank's Balance Sheets - Suppose the required reserve ratio is 10% and assume

Can you help me solve this problem and show all work

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1. Bank's Balance Sheets - Suppose the required reserve ratio is 10% and assume that all banks are profit- maximizer and lend their deposits accordingly. Chris R. deposits $100 of his current cash on hand to his checking account at Bank A. There are other households / persons in the economy as well. There are There are other banks, namely Bank B, Bank C, and so on. (a) Depict the changes to Chris R.'s balance sheet. (b) Out of these $100 deposited by Chris, how much can Bank A lend? Depict the changes to Bank A's balance sheet after the initial deposit by Chris R. (c) Briefly explain the changes to other banks' balance sheets afterwards. (d) How much does the deposit increase in the entire banking system? (e) How much has the money supply increased in the entire economy? (Caution!)

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