 Now, we have fair idea of deposit creation, but only in case of one bank and in that case deposit creation is not multiple, that is multiple deposit creation is not there, but an idea is that how to create deposit access reserves, but that is not as much as the idea is not more than that, that is not a single bank case, so we extend our example further and now we say that there is a whole banking system, when we say banking system means that bank is not one, apart from central bank, we are talking about that the commercial bank that we considered as bank A, now we are saying that bank A is not one, bank A is bank B, C, D, E, F, many more banks, so is multiple deposit creation possible? So, what will happen in this case? In this case, since we continue the same example, the last time we said that when the check is written for bank A, the transaction is over there, now we extend it and they say that the check that was written for the bank B, so this means that bank BB will be included in the example, this is a commercial bank in which the customer's account is in which the first customer has purchased a plant machinery, so this means that the customer or the seller who has sold anything in the plant or goods and services, he will deposit his check in his bank and he will present the bank in front of this bank through clearing house that you have to give this amount to us, we are saying that bank B is okay? So, this means that this deposit has shifted to bank B, which was created on the basis of one billion, bank A had created on the basis of one billion excess reserves, now since bank B has a required reserve on the top of the commercial bank and it has a ratio which is on the top of the deposit, now since the deposits of bank B have increased to one billion rupees, because the check has been transferred inside the split, so now on top of this, central bank will have a required reserve ratio applied, for that we have taken an assumption that it is 10 percent, this means that one billion which initially increased in bank B's asset and why in its reserves and why in reserves, so that the debit entry from bank A's reserve, central bank has an account of bank A's bank B's, since bank B's check has been collected, so bank B's account will have a credit entry and bank A's account will have a debit entry, so that transfer of reserves will be transferred from one bank to another bank, so bank B's reserves have increased to one billion, but at the same time, a checkable deposit has also increased to one billion which is a liability for it, now since one billion rupees deposit has increased, the required reserves will be 0.1, if 10 percent required reserve ratio is there, 0.1 billion will be required reserves on top of this, which will go to central bank and the remaining 0.9 billion rupees, 0.9 billion rupees will become access reserves of bank B's, now since our model's assumption is that no bank does not want to hold access reserves, so the amount of 0.9 billion in access reserves will be given to bank B, and the loan given to bank B will then be given to a customer, bank B, and how he will give, he will give that in his bank, he will open an account which is given to the loan, and in his account, he will add a credit entry of 0.9 billion rupees, we are assuming that the entire 0.9 billion went into the loan, okay, so this means that now the reserves in the required reserves are 0.1, look at it in the balance sheet, 0.1 billion rupees and 0.9 billion he gave the loan and the checkable deposit is 1 billion rupees, total, now let us see what happened in step 3, that the loan of 0.9 billion bank B has extended to the customer, so the customer took the cheque, the payment he had to do with the cheque against goods and services and from which he purchased goods and services, that customer's account is in Bank C, he goes to Bank C and presents his cheque, and in the account of Bank C, the credit is 0.9 billion, now in which form will bank B have the account of the central bank, 0.9 billion will go out and Bank C's account will be credited, so this means that the reserves of 0.9 billion have increased in Bank C, but at the same time, its liabilities have increased because he has given the loan of 0.9 billion rupees, this means that the total deposit of the banking system is of 1.9 billion rupees, out of which 1 billion of Bank B and 0.9 billion of Bank C, Bank A's deposit had ended because he had paid through the cheque, now what will Bank C do, he has the extra reserves of 0.9 billion, now how many excess reserves are there, if we want to see this, then the required reserves, if he gives the loan and creates the deposit, then his required reserves will go to 0.09 billion and 0.81 billion pure excess reserves will be left, which Bank C will lend to a customer, when he will do that, then what will happen in the balance sheet of Bank C, that the reserves increased from 0.09 billion because of the required reserves and the excess reserves of 0.81 billion rupees, that Bank C gave the loan, when he gave the loan, then the chequeable deposits of Bank C increased from 0.9 billion, out of which 0.09 went to the required reserves and 0.81 is the pure loan, now this means that if we look at the deposits of the banking system, so up till now 2.71 billion rupees has been deposited in the banking sector, 1 billion Bank B, 0.9 billion Bank C and 0.81 billion rupees in Bank D, so in this way, this is going on and on and on and on and this process will continue until the excess reserves do not end, in every step, according to 10% the excess reserves are reduced, but they are not ending, so until they are not ending, this process will continue and until the total deposit creation of 10 times does not end, the reserve of the initial 1 billion rupees was created, thank you.