Write down the T balance for the following scenarios and calculate the total money supply.
Assume the reserve ratio is 5%.
a. Annie had $2000 in cash. She decided to open an account at TCF bank.
b. Kevin got a loan worth 1900 from the bank and paid his contractor Jeff. Jeff deposited the full amount in the bank
c. Tom got a loan in the amount of $1600. He spent it all on his business development.
d. Website developer Sara deposited her $1600 at TCF.
e. Ford got a loan in the amount of $1100 and paid his existing debt to Joan. Joan deposited the full amount.