Question: Please solve it Fast ASAP with all requirements Question 1- Research and explain the process of creating fiat money using the balance sheets (t accounts)

Please solve it Fast ASAP with all requirements Please solve it Fast ASAP with all requirements Question 1- Research and

Question 1- Research and explain the process of creating fiat money using the balance sheets (t accounts) of the central bank and other banks. Question 2- What can the central bank do when the balance of payments has a deficit/surplus? Research and Write how the central bank t-accounts are affected. Question 3- Research balance sheet table (T account/Assets and Liabilities) of the central bank and the other bank. Explain the balance sheet items. Question -4- Show the following transactions on banks and central bank balance sheets with t tables. 1 - The customer buys a car with his/her IOU's in Bank A. 2 - Bank A borrows Fed Funds from Bank B. Show the two banks and the FED balance sheet. Focus E

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