Question 3 0.25 points Save Answer Suppose the Fed conducts an open market purchase by buying $10 million in Treasury bonds from Acme Bank. Sketch out the balance sheet changes that will occur as Acme converts the bond sale proceeds to new loans. The initial Acme bank balance sheet contains the following information: Assets - reserves 30, bonds 50, and loans 50; Liabilities - deposits 100 and equity 30. NOTE: Follow the format we saw in the power point slides (and in your textbooks). For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt A V TX . .. 6 E E E X2 X2 SIT V A X EXE T O (? + P O WORDS POWERED BY TINY