Note: The answer should be typed.

Suppose the economy's entire money supply equals checkable deposits in the amount of $300,000 hold in First Main Street Bank. The required reserve ratio is 15% with no excess reserves and no cash leakage. First Main Street Bank's balance sheet Assets Liabilities Reserves $45,000 Checkable Deposits $300,000 Loans $155,000 Suppose the Fed sells $3,000 worth of government securities to First Main Street Bank complete the following table to reflect the fed's save on the balance sheet for First Main Street Bank Assets Liabilities Reserves Checkable Deposits Loans Based on its balance chest, how can you characterise Find Main Street Bank? O The bank has 13,000 In excess meeryes. The bank hai zero necess toserves. O the bank h reserve deficient O The bank has $38,250 in cootss reserves