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4a) Suppose Thomas National Bank pays back $15M of discount loans. Using t-accounts, illustrate how this will affect the Fed's balance sheet and Thomas National

4a) Suppose Thomas National Bank pays back $15M of discount loans. Using t-accounts, illustrate how this will affect the Fed's balance sheet and Thomas National Bank's balance sheet. (4 points) b) How will this affect the monetary base? (3 points)

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