As you know, a banking system plays a key role in the creation of money and money is the lifeblood of an economy. The banking system and money are inseparable twins in every country. It is important to understand how money is created in an economy. In order to boost economic growth, the central bank of Country A has issued $200 billion of additional currency. If the required reserve ratio (RR) for bank deposits in Country A is 12.5%, compute the maximum increase in money supply that the additional funds cain create under the following two scenarios: a i Commercial banks in Country A lend all their available funds to the public under the reserves requirement. At the same time, the public keeps all their funds as deposits with their banks ii The public keeps 20% of their funds in the form of cash and deposits the rest with their banks. In addition, commercial banks hold 7.5% excess reserves on top of the required reserve for their deposits. b Elaborate in detail how money is created within the banking system Utilize your answers in part (a)(i) to show all the steps necessary in money creation