Question 2: (20pts) a) Suppose that Bank of America sells $30 million in Treasury bills to PNC Bank. Use T- accounts to show the effect of this transaction on the balance sheet of each bank. b) Suppose that Lena, who has an account at SunTrust Bank, writes a check for $100 to Jose, who has an account at National City Bank. Use T-accounts to show how the balance sheets of each bank will be affected after the check clears c) Suppose that National Bank of Guernevlle has S35 million in checkable deposits, Commonwealth Bank has $42 million in checkable deposits, and the required reserve ratio for checkable deposits is 10%. If National Bank of Guerneville has $4 million in reserves and Commonwealth has $5 million in reserves, how much in excess reserves does each bank have