Q4: Assume that the FED sells of 55m worth of T- securities in the open market. Enter the revised numbers that reflect this transaction in the two T-accounts below. Assets Liabilities Reserves Checkable Deposits Loans to businesses Discount Loans T - Securities Assets Liabilities Discount Loans Notes in circulation T - Securities Bank reserves What was the initial level of MB in the economy? How has the MB changed? What was the initial level of total bank reserves? How has the total amount of bank reserves changed