I need help filling out these balance sheets

Choose the letter of the response at the bottom of the page which best answers each question One answer per question Answers may be used more than once Assume that the Fed buys a $1.000 government security from Joan, who deposits the $1,000 in her checking account at the Last National Bank (Assume that Last National's T-account balances start at zero before the depost) The Last Nabonal Bank puts $50 of this money in vaull cash and the remaindor is deposited at the Fad Assuming a required reserve ratio of 10% for all banks, answer questions ab.cand d a Fil in the blanks in the balance sheet below for the Last National Bank. Balance Shoot for Last National Bank Assets Liabiles 8.5 I Demand Deposits 95 Legal Reserves Vault cash 10.5 Joan Deposits at Fed 12.5 13. $ Required Reserves Excess Reserves 14.5 Loans 21 Arial BIU 10 A A Aa X, X? ADA ct AaBbccDd d AaBbcc T Heading 1 1 Normal 1 No Spac. Heading 2 Title Subtitle Subtle Em.. Find c Replac Select Editing Font Paragraph Styles b. Assume that Ross goes to the Last National Bank and gets a loan of $900 in the form of a new checking account (demand deposit). What would this do to the values of the bank's assets and liabilities? Fill in the blanks below with your answers Balance Sheet for Last National Bank Assets Liabilities Legal Reserves 15. $ Demand Deposits 16. $ Vault cash 17. $ Joan 18. $ Deposits at Fed 19. $ i Ross 20. $ Required Reserves 21. $ Excess Reserves 22. $ Loans 23. $ a. 0 b. 10 c. 50 a. 190 b. 200 c. 250 d. 300 e. 350 ANSWERS a. 400 a. 710 b. 450 b. 750 c. 500 c. 800 d. 600 d. 810 e. 700 e. 850 a. 900 b. 910 c. 950 d. 1,000 e. 1,900 a. 4.000 b. 6,000 C. 8,000 d. 9,000 e. 10,000 d. 90 e. 100 D. Focus RO Now assume that Ross goes to his plastic surgeon, Dr. Skinflint, and spends the entire $900 getting a complete face ft. He writes a check to Dr. Skinfint. Dr. Skinfiint deposits the $900 in her checking account at Suneast National Bank. (Assume Suneast's T-account balances start at zero before the deposit) The check clears. Suneast keeps $850 as a deposit at the Fed, and puts the remaining $50 into vault cash. What would this do to the values of both bank's assets and liabilities? Fill in the blanks below with your answers. Balance Sheet for Last National Bank Assets Liabilities Legal Reserves 24. S 25. $ Demand Deposits Joan 27. $ Vault cash 26. $ Deposits at Fed 28. $ Ross 29. $ Required Reserves 30$ Excess Reserves 31. $ Loans 10 A A Aa A -A- 2 - Aalbot Thang - - D A Normal 1 DS ABC AaB Aalbo . Heading2 Ti t teena Balance Sheet for Sunsast National Bank Assets Labiles 33. $ Demand Deposits | Dr Skinfint 36.5 Legal Reserves Vault cash Deposits at Fed 34 $ 35 $ 37 $ Required Reserves 38 $ Excess Reserves 39 $ Loans d. As the banking system continues to make loans M1 will increase. How much will the total increase in M1 caused by this open market operation eventually be? Answer - 40.5 How much of this eventual total increase in M1 will be due to loans? Answer - 41. $ b. 10 c. 50 d. 90 e. 100 a 190 b. 200 c. 250 d. 300 e. 350 ANSWERS a 400 a 710 b. 450 b. 750 c. 500 c. 800 d. 600 d. 810 8.700 850 a 900 b 910 c. 950 d. 1.000 e 1.900 a 4.000 b. 6,000 c8.000 d 9.000 e. 10.000 Choose the letter of the response at the bottom of the page which best answers each question. One answer per question. Answers may be used more than once. Assume that the Fed buys a $1,000 government security from Joan, who deposits the $1,000 in her checking account at the Last National Bank. (Assume that Last National's T-account balances start at zero before the deposit.) The Last National Bank puts $50 of this money in vault cash, and the remainder is deposited at the Fed. Assuming a required reserve ratio of 10% for all banks, answer questions a, b, c and d. a. Fill in the blanks in the balance sheet below for the Last National Bank. Balance Sheet for Last National Bank Assets Liabilities Legal Reserves 8. $ Demand Deposits 9. $ Vault cash 10. $ Joan 11. $ Deposits at Fed 12. $ Required Reserves 13. $ Excess Reserves 14.$ Loans Focus b. Assume that Ross goes to the Last National Bank and gets a loan of $900 in the form of a new checking account (demand deposit). What would this do to the values of the bank's assets and liabilities? Fill in the blanks below with your answers Balance Sheet for Last National Bank Assets Liabilities Legal Reserves 15. $ 16. $ Vault cash 17. $ Demand Deposits Joan 18. $ Ross 20. $ Deposits at Fed 19. $ Required Reserves 21. $ Excess Reserves 22. $ Loans 23. $ ANSWERS a. 400 a. 710 b. 450 b. 750 c. 500 c. 800 d. 600 d. 810 e. 700 e. 850 a. 190 b. 200 c. 250 d. 300 e. 350 c. 50 d. 90 e. 100 a. 900 b. 910 c. 950 d. 1,000 e. 1,900 a. 4,000 b. 6,000 c. 8,000 d. 9,000 e. 10,000 c. Now assume that Ross goes to his plastic surgeon, Dr. Skinflint, and spends the entire $900 getting a complete face lift. He writes a check to Dr. Skinflint. Dr. Skinflint deposits the $900 in her checking account at Suneast National Bank. (Assume Suneast's T-account balances start at zero before the deposit.) The check clears. Suneast keeps $850 as a deposit at the Fed, and puts the remaining $50 into vault cash. What would this do to the values of both bank's assets and liabilities? Fill in the blanks below with your answers. Balance Sheet for Last National Bank Assets Liabilities Legal Reserves 24. $ 25. $ Demand Deposits i Joan 27. $ Vault cash 26. $ Deposits at Fed 28. $ Ross 29. $ Required Reserves 30. $ Excess Reserves 31. $ Loans 32. $ Juue suute lll... Font l Selec Paragraph Styles Editing Legal Reserves Balance Sheet for Suneast National Bank Assets Liabilities 33. $ Demand Deposits Dr. Skinflint 36. $ 34. $ Vault cash 35. $ Deposits at Fed 37. $ Required Reserves 38. $ Excess Reserves 39. $ Loans d. As the banking system continues to make loans M1 will increase. How much will the total increase in M1 caused by this open market operation eventually be? Answer = 40. $ How much of this eventual total increase in M1 will be due to loans? Answer = 41. $ a. 0 b. 10 C. 50 a. 190 b. 200 c. 250 d. 300 e. 350 a. 400 b. 450 c. 500 d. 600 e. 700 ANSWERS a. 710 b. 750 c. 800 d. 810 e. 850 a. 900 b. 910 C. 950 d. 1,000 e. 1,900 4,000 b. 6,000 c. 8,000 d. 9,000 e. 10.000 e. 100