e Fed buys $1.8 billion in French government bonds, denominated in euros, and, at the same time, conducts an open market sale of $1.8 billion of U.S. Treasury securities. What happens to the monetary base? Is this a sterilized or an unsterilized foreign change intervention? e monetary base does not change. This is a sterilized e T-accounts to show the effect on the Fed's balance sheet. (Enter your responses rounded to one decimal place. Include a minus sign to indicate a negative change, but do not include a plus sign for a positive change.) FEDERAL RESERVE intervention. Foreign assets Assets $ billion billion Liabilities billion