Question: Can you help on this problem please? Thank you! 2. Suppose that you take $10,000 of currency you are holding at home in a safe

Can you help on this problem please? Thank you!

2. Suppose that you take $10,000 of currency you are holding at home in a safe and you deposit the $10,000 into your checking account deposit at Bank Y. Assume that Bank Y has no excess reserves at the time you make your deposit and that the required reserve ratio is 15 percent. Answer the following questions: a. Use a Taccount to show the initial effect (meaning only What happens at the moment of deposit) of this transaction on Bank Y's balance sheet. You '1! be showing the change to both Sides offhe T-Account table, not a total amount. Table 2a: Bank Y's TAccount (initial deposit) Assets Liabilities Reserves: Deposits: Loans

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