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Business, 25.06.2020 02:01 Reijected

Suppose Ginger deposits $5,000 in cash into her checking account at the Bank of Skidoo. Show this transaction in a T-account for the Bank of Skidoo. Bank of Skidoo

Assets Liabilities
Reserves$ Deposits $

The Bank of Skidoo has no excess reserves and is subject to a 6 percent required reserve ratio. Assume the Bank of Skidoo makes the maximum loan possible from Ginger's deposit to Thurston. Show this transaction in a new T-account for the Bank of Skidoo.

Bank of Skidoo

Assets Liabilities
Reserves$ Deposits $

Thurston decides to use the money he borrowed to purchase a sail boat. He writes a check for the entire loan amount to âGilligan's Seagoingâ Vessels, which deposits the check in itsâ bank, the Paradise Bank ofâ Kona, Hawaii. When the checkâ clears, the Bank of Skidoo transfers the funds to the Paradise Bank. Show these transactions in a newâ T-account for the Bank of Skidoo.

The maximum amounts of deposits that can be created from Ginger's initial deposit is $
The maximum amounts of loans that can be created from Ginger's initial deposit is $

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Suppose Ginger deposits $5,000 in cash into her checking account at the Bank of Skidoo. Show this tr...
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