There is an initial deposit in RBC Bank of $5,000.00. The required reserve ratio is 5%. Assume the bank does not keep an

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There is an initial deposit in RBC Bank of $5,000.00. The
required reserve ratio is 5%. Assume the bank does not keep any
excess reserves and people deposit all money into the banking
system. Answer these questions: (think that bank has a fractional
reserve banking system):
a- How much are RBC Bank’s required reserves with this
deposit?
b- By how much do RBC Bank’s excess reserves increase with this
deposit?
c-Assume RBC bank loans out its excess reserves to Jennifer.
Jennifer buys a new boat with her loan and therefore writes a check
on her new account to Jack. Jack then deposits this check in Union
Bank. Union Bank then must keep $_____ as required reserves and it
lends out $___to Angelina. At this point in the process, by how
much has the money supply increased (assuming the initial deposit
is new money)? ___
d-If this process continues and all checks are re-deposited back
into the banking system, by how much will the money supply increase
when the process is complete? $___