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Consider the balance sheet for the Wahoo bank as presented below. Wahoo Bank Balance Sheet Assets Liabilities government securities $1,600 Liabilities: Checking accounts $4,000 Required

Consider the balance sheet for the Wahoo bank as presented below.

Wahoo Bank Balance Sheet

Assets

Liabilities

government securities

$1,600

Liabilities: Checking accounts

$4,000

Required Reserves

$400

Net Worth

$1,000

Excess Reserves

$0

Loans

$3,000

Total Assets

$5,000

Total Liabilities

$5,000

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:

Bennett withdraws $200 from his checking account.

Roland deposits $500 into his checking account.

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

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

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