We have seen that the banking system can create money. Let's review how this happens. Write down the below balance sheet and remember it for the upcoming questions in this section. Federal Reserve's balance sheet Federal Reserve's balance sheet Liabilities $100 Foreign reserves Treasury bills Total $80 Cash $20 $100 Total $100 Question 1 1 pts Joey Espinoza has $100 in cash, he deposits the total amount in The Third Third National Bank. The Fed has a 10% reserve requirement. 1. How much can this bank lend from the money deposited? 2. Show the Fed's balance sheet after this transaction HTML Editor BIVA - A - IX EE 3 I 1 x X, DE - O N V S T 12pt - Paragraph