Macmillan Learning The Monetary System - Work It Out: Question 1 of 2 Brenda Olivia Adams starts her own bank, called BOA. As owner, Brenda puts in $3000 of her own money. BOA then borrows $3000 in a long-term loan from Brenda's roommate, accepts $5500 in demand deposits from her neighbors, buys $1500 of corporate bonds, lends $7000 to local businesses to finance new investments, and keeps the remainder of the bank's assets as reserves at the Fed. b. Now assume an economic downturn causes 10 percent of the local businesses to declare bankruptcy and default on their loans. Calculate the new values for loans, capital, total assets, and total liabilities as a result of the bankruptcies. New value of loans $ Total assets $ New value of capital $ Total liabilities $ Lecture 10 Con potx A P Practice Midter....docx Show all x A