6. (8 points) Below is abbreviated balance sheet for the Federal Reserve in April 2018 Federal Reserve billions Discount loans Securities $4,177 Bank Reserves $2,141 Gold and forex $16.2 Other Assets Liabilities $0 Currency $1,640 S 655 Other $242 a. (2 pts) Calculate the monetary base. b. (2 pts)Suppose the Federal Reserve sells $1000 billion in securities to dealer banks. Show this on the Federal Reserve balance sheet. c. (1 pt) What happened to the monetary base as a result of of the open market sale? d. (3 pts) FFR Quantity of reserves h above construct the market for reserve be fore the open market operation, labeling On the grap non-borrowed reserves NB Ro and the equilibrium Federal Funds rate ffro. Label the discount rate do and the interest rate pai these variables. Next, show the effecet on the market for reserves of the open market sale. Use arrows to indicate increases or decreases in any relevant variable. d on reserves iro. You do not need to include any values for