Please show all work on paper with pencil/pen

4 Money supply process (40pts.) 1. If the Fed sells $1.5 million of bonds to the First National Bank, what happens to the assets and liabilities of the - Fed's T-account? - First National Bank's T-account? - the monetary base? 2. If the Fed lends Ole-bank a total of $200 million but depositors withdraw $150 million and hold it as currency, what happens to the assets and liabilities of the - Fed's T-account? - Ole-bank's T-account? - the monetary base? 3. If a bank depositor withdraws $15,000 of currency from an account, what happens to reserves, check able deposits, and the monetary base