Q.1 Consider the following table where we assume that when a commercial bank receives $X it keeps dX as a reserve and loan-out $ (1- d)X. The borrower immediately withdraws g(1- d) X amount of money and keep rest of the money in the bank as a demand deposit. Deposit Reserve Loan Withdraw SX dX (1- d)x g(1- d)x (1- g)(1- d)x . . . . . . . ... (a) Derive both deposit and loan multipliers. (10+10) (b) Derive money multiplier when money supply is defined as MS = CC + DD + TD and monetary base is defined as MB = CC + R. Where CC=cDD, TD =IDD, R =bDD 0