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help me with the following question The balance sheet below shows the effect of a new 1,200 deposit in Bank A. Assume that the commercial

help me with the following question

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The balance sheet below shows the effect of a new 1,200 deposit in Bank A. Assume that the commercial banks have established a 18 percent desired reserve and that no bank holds excess rese BANK A Assets Liabilities Reserves 1,200 Deposits 1,200 Loans 0 Assume that BankA lends its excess reserves to Mr. Jones who spends the proceeds of the loan. Show BankA's new balance sheet BANK A Assets Liabilities Reserves I Number ' DEPOSHS Number Loans| Number ' The money Mr. Jones borrows is deposited in Bank B. Bank B lends its excess reserves to Mr. Smith. Show Bank B's balance sheet after the loan has been made out. BANK B Assets Liabilities Reserves | Number ' Deposits Number Loans| Number ' The money Mr. Smith borrows is deposited in Bank C. Bank C lends its excess reserves to Mr. Black. Show Bank C's balance sheet after the loan has been made out. BANK C Assets Liabilities Reserves Number Deposits Number Loans Number The money Mr. Black borrows is deposited in Bank D. Bank D lends its excess reserves to Mr. Green. Show Bank D's balance sheet after the loan has been made out. BANK D Assets Liabilities Reserves Number Deposits Number Loans Number If the above process continues to completion, the following totals will exist for the banking system: Part 7: Deposits Number Part 8: Reserves Number Part 9: Loans Number

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