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Aplia Homework #13: Chapter 13 (Part 2) and Chapter 14 2. The money supply contraction process Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 5%. Rajiv, a client of First Main Street Bank, purchases $200,000 of Treasury bills in an open market sale undertaken by the Fed. Upon receipt of Rajiv's check, the Fed subtracts $200,000 from First Main Street Bank's Federal Reserve account, thereby extinguishing the money Complete the following table to reflect any changes in First Main Street Bank's balance sheet (before the bank makes any new loans). First Main Street Bank's Balance Sheet Assets Liabilities Because the required reserve ratio is 5%, the $200,000 withdrawal order to maintain the required reserve ratio, First Main Street Bank now must this is to its outstanding loans First Main Street Bank's required reserves by its reserves by One possible way to do .In Now suppose Maria repays her loan of $190,000 to First Main Street Bank by writing a check issued by Second Republic Bank. First Main Street Bank uses funds from a loan repayment to increase its reserves instead of making new loans, Second Republic Bank then replenishes its reserves by using the funds from loan repayments by Kevin, who writes a check issued by Third Fidelity Bank. Third Fidelity Bank then uses a loan repayment from Simone to replenish its reserves instead of making new loans. Complete the following table to reflect any changes in First Main Street Bank's balance sheet (before the bank makes any new loans). First Main Street Bank's Balance Sheet Assets Liabilities In Building and Furniture BO ve ratio is 5%, the $200,000 withdrawal or Checkable Deposits fed reserve ratio, First Main Street Bank now must th Loans outstanding loans. First Main Street Bank's required reserves by its reserves by One possible way to do Net Worth Nd us her loan of $190,000 to First Main Street Bank by writing a check issued by Second Republic Bank. First Main Street Bank Reserves yment to increase its reserves instead of making new loans. Second Republic Bank then replenishes its reserves by using the unos trom Toan repayments by Kevin, who writes a check issued by Third Fidelity Bank. Third Fidelity Bank then uses a loan repayment from Simone to replenish its reserves instead of making new loans. will in the following table to show the effect of this ongoing chain of events at each of the banks, including the initial withdrawal at the beginning o westion. Enter each answer to the nearest dollar. Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excets reserves. The required reserve ratio is 5%. Rajiv, a client of First Main Street Bank, purchases $200,000 of Treasury bills in an open market sale undertaken by the Fed. Upon receipt of Rajiv's check, the Fed subtracts $200,000 from First Main Street Bank's Federal Reserve account, thereby extinguishing the money. Complete the following table to reflect any changes in First Main Street Bank's balance sheet (before the bank makes any new loans). First Main Street Bank's Balance Sheet Assets Liabilities In $200,000 Because the required reserve ratio is po withdrawal First Main Street Bank's required reserves by order to maintain the required reserve -$200,000 Street Bank now must its reserves by One possible way to do this is to its outstandin $1,000,000 -$1,000,000 Now suppose Maria repays her loan of st Main Street Bank by writing a check issued by Second Republic Bank. First Main Street Bank uses funds from a loan repayment to increase its reserves instead of making new loans. Second Republic Bank then replenishes its reserves by using the funds from loan repayments by Kevin, who writes a check issued by Third Fidelity Bank. Third Fidelity Bank then uses a loan repayment from Simone to replenish its reserves instead of making new loans Fw in the following table to show the effect of this ongoing chain of events at each of the banks, including the initial withdrawal at the beginning of the question. Enter each answer to the nearest dollar Decrease in Checkable Deposits Decrease in Required Reserves Decrease in Loans Aplia Homework #13: Chapter 13 (Part 2) and Chapter 14 2. The money supply contraction process Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 5%. Rajiv, a client of First Main Street Bank, purchases $200,000 of Treasury bills in an open market sale undertaken by the Fed. Upon receipt of Rajiv's check, the Fed subtracts $200,000 from First Main Street Bank's Federal Reserve account, thereby extinguishing the money. Complete the following table to reflect any changes in First Main Street Bank's balance sheet (before the bank makes any new loans). First Main Street Bank's Balance Sheet Assets Liabilities In Building and Furniture Because the required reserve ratio is 5%, the $200,000 withdr Checkable Deposits order to maintain the required reserve ratio, First Main Street this is to its outstanding loans Loans t Main Street Bank's required reserves by its reserves by One possible way to do Net Worth Now suppose Maria repays her loan of $190,000 to First Main neck issued by Second Republic Bank. First Main Street Bank uses funds from a loan repayment to increase its reserves inste Reserves Second Republic Bank then replenishes its reserves by using the funds from loan repayments by Kevin, who writes a check sued by third identy Bank. Third Fidelity Bank then uses a loan repayment from Simone to replenish its reserves instead of making new loans. FW in the following table to show the effect of this ongoing chain of events at each of the banks, including the initial withdrawal at the beginning of the question. Enter each answer to the nearest dollar. 2. The money supply contraction process Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 5%. Rajiv, a client of First Main Street Bank, purchases $200,000 of Treasury bills in an open market sale undertaken by the Fed. Upon receipt of Rajiv's check, the Fed subtracts $200,000 from First Main Street Bank's Federal Reserve account, thereby extinguishing the money, Complete the following table to reflect any changes in First Main Street Bank's balance sheet (before the bank makes any new loans). First Main Street Bank's Balance Sheet Assets Liabilities First Main Stre Because the required reserve ratio is 5%, the $200,000 withdrawal order to maintain the required reserve ratio, First Main Street Bank now must this is to Its outstanding loans $200,000 red reserves by In -$200,000 One possible way to do $1,000,000 its re -$1,000,000 Now suppose Maria repays her loan of $190,000 to First Main Street Bank by writing a check issue bublic Bank. First Main Street Bank uses funds from a loan repayment to increase its reserves instead of making new loans. Second Republic Bank then replenishes its reserves by using the funds from loan repayments by Kevin, who writes a check issued by Third Fidelity Bank. Third Fidelity Bank then uses a loan repayment from Simone to replenish its reserves instead of making new loans. Fw in the following table to show the effect of this ongoing chain of events at each of the banks, Including the initial withdrawal at the beginning of the question Enter each answer to the nearest dollar Decrease in Checkable Deposits Decrease in Required Reserves Decrease in Loans IN int Complete the following table to reflect any changes in First Main Street Bank's balance sheet (before the bank makes any new loans). First Main Street Bank's Balance Sheet Assets Liabilities Because the required reserve ratio is 596, the $200,000 withdrawal order to maintain the required reserve ratio, First Main Street Bank this is to its outstanding loans First Main Street Bank's required reserves by In its reserves by One possible way to do Increases decreases Now suppose Maria repays her loan of $190,000 to First Main Streetcampwlting a check issued by Second Republic Bank. First Main Street Bank uses funds from a loan repayment to increase its reserves instead of making new loans. Second Republic Bank then replenishes its reserves by using om loan repayments by Kevin, who writes a check issued by Third Fidelity Bank. Third Fidelity Bank then uses a loan repayment from Simone to replenish its reserves instead of making new loans the funds w in the following table to show the effect of this ongoing chain of events at each of the banks, including the initial withdrawal at the beginning of the question. Enter each answer to the nearest dollar, Decrease in Checkable Deposits Decrease in Required Reserves (Dollars) Decrease in Loans (Dollars) Bank (Dollars) Aplia Homework 13: Chapter 13 (Part 2) and Chapter 14 2. The money supply contraction process Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 5%. Rajiv, a client of First Main Street Bank, purchases $200,000 of Treasury bills in an open market sale undertaken by the Fed. Upon receipt of Rajiv's check, the Fed subtracts $200,000 from First Main Street Bank's Federal Reserve account, thereby extinguishing the money Complete the following table to reflect any changes in First Main Street Bank's balance sheet (before the bank makes any new loans). First Main Street Bank's Balance Sheet Assets Liabilities In y to do Because the required reserve ratio is 5%, the $200,000 withdrawal First Main Street Bank's required reserves by order to maintain the required reserve ratio, First Main Street Bank now must Its reserves by Ong this is to $20,000 its outstanding loans $10,000 Now suppose Maria repays her loan of $190,000 to First Main Street Bank by writing a check issued by Second Republic Bank. Firs uses funds from a loan repayment to increase Its reserves instead of making new loans, Second Republic Bank then replenishes it $200,000 the funds from loan repayments by Kevin, who writes a check issued by Third Fidelity Bank. Third Fidelity Bank then uses a loan $50,000 Simone to replenish its reserves instead of making new loans. Bank using Fill in the following table to show the effect of this ongoing chain of events at each of the banks, including the initial withdrawal at the beginning of the question. Enter each answer to the nearest dollar Decrease in Checkable Deposits (Dollars) Decrease in Required Reserves (Dollars) Bank Decrease in Loans (Dollars) Complete the following table to reflect any changes in First Main Street Bank's balance sheet (before the bank makes any new loans). First Main Street Bank's Balance Sheet Liabilities Assets . In Because the required reserve ratio is 5%, the $200,000 withdrawal order to maintain the required reserve ratio, First Main Street Bank now must its outstanding loans First Main Street Bank's required reserves by its reserves by One possible way to do this is to increase Now suppose Maria repays her loan of $190,000 to First Main Street Bank by decrease pck issued by Second Republic Bank. First Main Street Bank uses funds from a loan repayment to increase its reserves instead of making newmoor Second Republic Bank then replenishes its reserves by using the funds from loan repayments by Kevin, who writes a check issued by Third Fidelity Bank. Third Fidelity Bank then uses a loan repayment from Simone to replenish its reserves instead of making new loans. Fill in the following table to show the effect of this ongoing chain of events at each of the banks, including the initial withdrawal at the beginning of the question. Enter each answer to the nearest dollar. Decrease in Checkable Deposits Decrease in Required Reserves Decrease in Loans (Dollars) (Dollars) (Dollars) Bank Complete the following table to reflect any changes in First Main Street Bank's balance sheet (before the bank makes any new loans). First Main Street Bank's Balance Sheet Assets Liabilities Because the required reserve ratio is 5%, the $200,000 withdrawal First Main Street Bank's required reserves by . In order to maintain the required reserve ratio, First Main Street Bank now must its reserves by One possible way to do this is to its outstanding fans. $200,000 Now suppose Maria repays her loan of $190,000 to First Main Street Bank by writing a check issued by Secor $190,000 fank. First Main Street Bank uses funds from a loan repayment to increase its reserves instead of making new loans. Second Republic Bar hishes its reserves by using $180,000 the funds from loan repayments by Kevin, who writes a check issued by Third Fidelity Bank. Third Fidelity Bar a toan repayment from Simone to replenish its reserves instead of making new loans. $0 Fill in the following table to show the effect of this ongoing chain of events at each of the banks, including the initial withdrawal at the beginning of the question. Enter each answer to the nearest dollar Decrease in Checkable Deposits (Dollars) Decrease in Required Reserves (Dollars) Bank Decrease in Loans (Dollars) Complete the following table to reflect any changes in First Main Street Bank's balance sheet (before the bank makes any new loans). First Main Street Bank's Balance Sheet Assets Liabilities in Because the required reserve ratio is 5%, the $200,000 withdrawal order to maintain the required reserve ratio, First Main Street Bank now must this is to its outstanding loans First Main Street Bank's required reserves by its reserves by One possible way to do Now supe decrease Jepays her loan of $190,000 to First Main Street Bank by writing a check issued by Second Republic Bank. First Main Street Bank uses fund increase in repayment to increase its reserves instead of making new loans. Second Republic Bank then replenishes its reserves by using the funds romwertepayments by Kevin, who writes a check issued by Third Fidelity Bank. Third Fidelity Bank then uses a loan repayment from Simone to replenish its reserves instead of making new loans. FW in the following table to show the effect of this ongoing chain of events at each of the banks, including the initial withdrawal at the beginning of the question. Enter each answer to the nearest dollar narranea in Charishin annette Ex in the following table to show the effect of this ongoing chain of events at each of the banks, including the initial withdrawal at the beginning of the question. Enter each answer to the nearest dollar Decrease in Checkable Deposits Decrease in Required Reserves Decrease in Loans (Dollars) (Dollars) (Dollars) First Main Street Bank Second Republic Bank Third Fidelity Bank Bank Assume this process continues, with each successive loan being repaid using a checking account and banks using repayments to replenish their reserves without issuing any new loans. Under these assumptions, the initial destruction of $200,000 by the Fed results in an overall decrease of in checkable deposits Grade It Now Save & Continue Continue without saving MacBook Air Simone to replenish its reserves instead of making new loans by Third Hidenty Bank Third Fidelity Bank then uses a loan repayment from Fill in the following table to show the effect of this ongoing chain of events at each of the banks, including the initial withdrawal at the beginning of the question. Enter each answer to the nearest dollar. Decrease in Checkable Deposits Decrease in Required Reserves Decrease in Loans Bank (Dollars) (Dollars) (Dollars) Meet Bank $10,000 blic Bank $400,000 Bank $4,000,000 pcess continues, with each successive loan being repaid using a checking account and banks using repayments to replenish their $3,800,000 Lot issuing any new loans. Under these assumptions, the initial destruction of $200,000 by the Fed results in an overall decrease of in checkable deposits. Grade It Now Save & Continue Continue without saving MacBook Air