Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 25%. Yakov, a client of First Main Street Bank, deposits...

Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 25%. Yakov, a client of First Main Street Bank, deposits $1,800,000 into his checking account at First Main Street Bank.