Due: 11 January, 2021 1) The following table shows the changes in deposits, reserves, and loans of 4 banks as a result of a $100,000 initial deposit in Bank No. 1. Assume all banks are loaned up. New Deposit Required Reserve Loans Bank No. 1 $100,000.00 $10,000.00 $90,000.00 Bank No. 2 $90,000.00 $9,000.00 $81,000.00 Bank No. 3 $81,000.00 $8,100.00 $72,900.00 Bank No. 4 $72, 900.00 $7,290.00 $65,610.00 a) Calculate the required reserve ratio. b) Calculate the money multiplier in this economy. c) Calculate how much money will be created based on the initial $100,000 deposit. d) If the required reserve ratio were changed to 20%, does the total loans of Bank No. 2 change or not? If yes, calculate how much it will be