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4. Start with the Wednesday balance sheet for The Friendly Bank shown below (page 322 in the text). Suppose on Thursday, the Fed buys

4. Start with the Wednesday balance sheet for The Friendly Bank shown below (page 322 in the text). Suppose on Thursday, the Fed buys $100 in government bonds. Complete entries for Thursday and Friday, assuming everyone behaves the same way as in the text. Balance Sheet on Wednesday Asset R 680 L 600 C R MB M2 Liabilities D 1280 320 680 1280 1000 1600 Balance Sheet on Thursday C R MB M2 Asset Liabilities Balance Sheet on Friday C R D MB M2 Asset Liabilities

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