(Solved):   3. Given the required reserve ratio for Country Z is as follows: Month September Decembe ...

 

3. Given the required reserve ratio for Country Z is as follows: Month September December March 2018 2018 2019 Required reserve ratio (%) 3.0 4.0 2.5 The balance-sheet positions for Bank C and the Country Z's Central Bank at the end of January 2018 are as follow: Bank C's balance-sheet Assets RM Liabilities RM Reserves 4,000 Deposits 100,000 Loans 96,000 Total 100,000 Total 100,000 Country Z's Central Bank balance-sheet Assets RM Liabilities RM Securities (bonds) 50,000 Required reserve 4,000 Other assets 1,254,000 Treasury deposits 500,000 Currency 800,000 Total 1,304,000 Total 1,304,000 a. How much is the total deposits recorded in balance-sheets for all commercial banks after credit has been fully created at the end of March 2019? b. How much is the total reserves recorded in balance-sheets for all commercial banks after credit has been fully created at the end of March 2019? C. How much is the total loan created from all commercial banks after credit has been fully created at the end of March 2019?