Write changes to balance sheet for each of given scenarios

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Reference no: EM131481587

Question: Consider the balance sheet for the Wahoo Bank as presented below.

Using a required reserve ratio of 10% and assuming that the bank keeps no excess reserves, write the changes to the balance sheet for each of the following scenarios:

a. Bennett withdraws $200 from his checking account.

b. Roland deposits $500 into his checking account.

c. The Fed buys $1,000 in government securities from the bank.

d. The Fed sells $1,500 in government securities to the bank.

Reference no: EM131481587

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