1. Assume that Banc One receives a primary deposit of $ 1 million. The bank must

1. Assume that Banc One receives a primary deposit of $ 1 million. The bank must keep reserves of 20 percent against its deposits. Prepare a simple balance sheet of assets and liabilities for Banc One immediately after the deposit is received.6. Assume a financial system has a monetary base of $ 25 million. The required reserves ratio is 10 percent and there are no leakages in the system. a. What is the size of the money multiplier? b. What will be the systems money supply?9. Assume that last year the Australian dollar was trading at $. 5527 the Mexican peso at $. 1102 and the United Kingdom ( British) pound was worth $ 1.4233. By this year the U. S. dollar value of an Australian dollar was $. 7056 the Mexican peso was $. 0867 and the British pound was $ 1.8203. Calculate the percentage appreciation or depreciation of each of these three currencies between last year and this year.