1. Now, suppose that Ronaldinho Gacho deposits a loan from Humongous National Bank in the Financial National Bank. The required reserve ratio in this economy is still 12%. Assume that Financial National did not have any previous deposits.

Fill out the blanks in the Financial National Bank's T-account to reflect this transaction.Show your calculation.

Answer:(4 points)

Financial National'sT-account:

AssetsLiabilities__

TR=$3,080D= $3,080

RR =$369.6

ER = $2,710.4

1. As a result of Ronaldinho's transaction,what is the maximum amount (in $) that Financial National can loan out?

Answer:(3 points)

The maximum amount that Finanical National can loan out is $2,710.4

1. Now, suppose that Financial National loans $1,500 to Gianluigi Buffon.

Fill out the blanks in the Financial National Bank's T-account to reflect this transaction.Show your calculation.

Answer:(4 points)

Financial National'sT-account:

AssetsLiabilities__

TR=D =

RR =

ER =

1. As a result of this transaction,can Financial National continue loaning out money using Ronaldinho's initial deposit?

Answer:(circle the correct answer)(3 points)

YESNO

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