Question
Suppose Ginger deposits $6 comma 000 in cash into her checking account at the Bank of Skidoo. Show this transaction in a T-account for the
Suppose Ginger deposits $6 comma 000 in cash into her checking account at the Bank of Skidoo. Show this transaction in a T-account for the Bank of Skidoo. (Enter your responses as integers.) Bank of Skidoo Assets Liabilities Reserves $ nothing Deposits $ nothing The Bank of Skidoo has no excess reserves and is subject to a 5 percent required reserve ratio. Assume the Bank of Skidoo makes the maximum loan possible from Ginger's deposit to Thurston. Show this transaction in a new T-account for the Bank of Skidoo. (Enter your responses as integers.) Bank of Skidoo Assets Liabilities Reserves $ nothing Deposits $ nothing Loans $ nothing Thurston decides to use the money he borrowed to purchase a sail boat. He writes a check for the entire loan amount to Gilligan's Seagoing Vessels, which deposits the check in its bank, the Paradise Bank of Kona, Hawaii. When the check clears, the Bank of Skidoo transfers the funds to the Paradise Bank. Show these transactions in a new T-account for the Bank of Skidoo. (Enter your responses as integers.) Bank of Skidoo Assets Liabilities Reserves $ nothing Deposits $ nothing Loans $ nothing Show this transaction in a new T-account for the Paradise Bank. (Enter your responses as integers.) Paradise Bank Assets Liabilities Reserves $ nothing Deposits $ nothing The maximum amount of deposits that can be created from Ginger's initial deposit is $ nothing. (Round your response to the nearest whole number.) The maximum amount of loans that can be created from Ginger's initial deposit is $
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