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please answer fast Burrard Bank's Balance Sheet (Dec. 315'): A1 Liabilities Cash $4,000 Deposits $200,000 Deposits at the Bank of Canada. 6,000 Capital 1.000 Mortgages

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Burrard Bank's Balance Sheet (Dec. 315'): A1 Liabilities Cash $4,000 Deposits $200,000 Deposits at the Bank of Canada. 6,000 Capital 1.000 Mortgages 81 Loans 191,000 $201 000 $201 000 Refer to table above showing Burrard Bank's balance sheet. Assume Burrard Bank is operating at its target reserve ratio (v) and has no excess reserves, and that all other Canadian commercial banks have the same target reserve ratio. a) Calculate Burrard Bank's reserve ratio. b) If a 'new deposit to the banking system' of $1,000 is deposited at Burrard Bank, calculate the maximum new loan that Burrard Bank could make. c) Calculate the eventual total new deposits created in the banking system as a result of this new deposit. i. Assuming there is no cash drain ii. Assuming individuals hold cash equal to 10 percent of their bank deposits

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