Given the required reserve ratio for Country Z is as follows:

The balance-sheet positions for Bank C and the Country Zs Central Bank at the end of January 2018 are as follow:

a. How much is the total deposits recorded in balance-sheets for all commercial banks after credit has been fully created at the end of March 2019?

b. How much is the total reserves recorded in balance-sheets for all commercial banks after credit has been fully created at the end of March 2019?

c. How much is the total loan created from all commercial banks after credit has been fully created at the end of March 2019?

Month September 2018 3.0 December 2018 4.0 March 2019 2.5 Required reserve ratio (%) Bank C's balance-sheet RM Liabilities 4,000 Deposits 96,000 100,000 Total Assets Reserves Loans Total RM 100,000 100,000 Country Z's Central Bank balance-sheet Assets RM Liabilities Securities (bonds) 50,000 Required reserve Other assets 1,254,000 Treasury deposits Currency Total 1,304,000 Total RM 4,000 500,000 800,000 1,304,000