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Please solve it Fast ASAP with all requirements Question 1- Research and explain the process of creating fiat money using the balance sheets (t accounts)

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Question 1- Research and explain the process of creating fiat money using the balance sheets (t accounts) of the central bank and other banks. Question 2- What can the central bank do when the balance of payments has a deficit/surplus? Research and Write how the central bank t-accounts are affected. Question 3- Research balance sheet table (T account/Assets and Liabilities) of the central bank and the other bank. Explain the balance sheet items. Question -4- Show the following transactions on banks and central bank balance sheets with t tables. 1 - The customer buys a car with his/her IOU's in Bank A. 2 - Bank A borrows Fed Funds from Bank B. Show the two banks and the FED balance sheet. Focus E

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