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Asume that Pistbank holde no excess reserves, borrowers hold no currency, and the reserve requirement is 1096. If Firstbank alle 510,000,000 security to the Fed, uning T-Accounts, show the initial bank transaction and the Fed transaction. Using renes from this transaction and three additional steps (loans) in the money expansion process, how much is created in deposits after the three steps (loan)? How much do deposits increate for the banking system when the expansion process continues to its completion (Show assets and liabilities for each bank. Using a T Account is recommended, but not required. If you don't use T Accounts, you need to make sure you explain each answer in detail. Assume that Firstbank bolds no excess reserves, borrowers hold no currency, and the reserve requirement is 10%. If Firatbank sells a $10,000,000 security to the Fed, using T-Accounts, show the inltlal bank transaction and the Fed transaction. Using reserves from this transaction and three additional steps (loans) in the money expansion process, how much is created in deposits after the three steps (loans)? How much do deposite increase for the banking system when the expansion process continues to its completion. (Show assets and liabilities for each bank. Using a TAccount is recommended, but not required. If yon don't use T Accounts, you need to make sure you explain each answer in detail