Q:Question:accounts for both questions 22. If reserves in the banking system increase by \( \$ 1 \) billion because the Bank of Canada lends \( \$ 1 \) billion to financial institutions, and chequable deposits increase by \( \$ 9 \) billion, why isn't the banking system in equilibrium? What will continue to happen in the banking system until equilibrium is reached? Show the T-account for the banking system in equilibrium. 23. If the Bank of Canada reducesA:Answer:See a step by step answer