Final answer:
Without interest rates provided for Riverpoint or Eagleview, it is impossible to calculate the exact difference in Hector's account balance after four years. The provided reference information explains general banking operations concerning deposits, loans, and required reserves.
Step-by-step explanation:
The question is asking to compare the amount Hector will have in his account after four years without additional deposits or withdrawals at two different banks: Riverpoint or Eagleview. However, the reference information provided discusses how banks work with deposits and loans, rather than giving specific details on the interest rates offered by Riverpoint or Eagleview.
Without information regarding their interest rates, it is impossible to calculate the exact difference in the amount after four years. Typically, banks pay interest on deposits, which would compound over time, resulting in a larger balance. In Singleton Bank's example, no interest income is generated from loans and no interest is paid to depositors, which is not a common practice in real-world banking.
As for the banking examples given, when Singleton Bank lends to Hank's Auto Supply and the loan is deposited in First National, the reserves of First National increase and it is then able to loan out a portion of these funds. This illustrates the basic principles of banking operations, such as maintaining required reserves and the ability to create loans, which can potentially impact the broader economy through the money multiplier effect.