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I need help with a couple things. I'm wondering if someone could assist in the following.
Beleaguered State Bank (BSB) holds $250 million in deposits and maintains a reserve ratio os 10%.
1) Show a T account for BSB
2) Now suppose that BSB largest depositor withdraws $10mill in cash from her account. If BSB decides to restore it's reserve ratio by reducing the amount of loans outstanding, show it's new T account.
3) Explain what effect BSB action will have on other banks.
The federal reserve conducts a $10 million open - market purchase of government bonds. If the required reserve ratio is 10 percent, what is the largest increase of money supply that could result? What's the smallest amount?
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