points Skipped References Suppose a lottery winner deposits $14 million in cash into her transactions account at the Bank of America (BofA). Assume a reserve requirement of 10 percent and no excess reserves in the banking system prior to this deposit. Instructions: Round your responses to two decimal places. a. Use the following T-account to show how her deposit initially affects the balance sheet at BofA. Step 1 - Bank of America Assets (in millions) Liabilities (in millions) Reserves Required Total assets b. Has the money supply been changed by her deposit? J (Click to select) Yes No account to show the changes at BofA after the bank fully uses its new lending capacity. c. Use the following Taccount to show the changes at BofA after the bank fully uses its new lending capacity. Step 2 - Bank of America Assets (in millions) Liabilities (in millions) Reserves De posits Required Excess Loans Total assets Total liabilities _ d. Has the money supply been changed by step 2? (Click to select) v e. After the entire banking system uses the lending capacity of the initial ($14 million) deposit, by how much will the following have changed? Total reserves: $ million Total deposits: $ million Total loans: $ million