Stuck on what I did wrong-please help
Use the 5 balance sheets in order to answer the following question: Federal Reserve At Liabilities and Stockholder's Equity $2,000,000 T-Bonds $2,000,000 CBR (Wells Fargo) Stockholder's Egy $0 Bank of America Home Buyer Wells Fargo Home Seller Liabilities and Stockholder's Equity Assets Assets Assets Assets $1,000,000 T-Bonds - Liabilities and Stockholder's Equity Liabilities S400,000 Deposits Liabilities and Stockholder's Equity Liabilities $500,000 Deposits Liabilities and Stockholder's Equity Liabilities $100,000 T-Bonds $2,000,000 CBR $1,000,000 House Shoes $600,000 Skeholder's Equity $100,000 Sukholder's guilty $1,500,000 Steckholder's Equity $1,000,000 Question: What is the total amount of money in the banking system if we limit our analysis to the balance sheets above? $700,000 $100,000 $900,000 $1,000,000 $2,900,000 Question 5 0/0.15 pts Use the 5 balance sheets in order to answer the following question: Federal Reserve A Straty Les $2,000,000 CBR (Wells Fargo) $2,000,000 T-Bonds SO How Seller Liabilities and Stockho's quity Bank of America Home Buyer Liabilities and Lilies Anh Sexy $1,000,000 T-Bonds S400,000 Deposits -$1,000,000 Lines $100,000 T-Bonds Libilities -$1,000,000 Loans +$1,000,000 Loans -$1,000,000 Deposits Deposits Liabilities and SH, khu THUY This $2.000.000 CBR $1,000,000 House $500,000 Deposits $600,000 $100,000 $1,500,000 $ $1,000,000 Question: : What are the balance sheet entries from correct answer in the previous question? Bank of America:(-$1,000,000 physical currency, +$1,000,000 deposits); Federal Reserve (+500,000 Central Bank Reserves, -$500,000 deposits) Bank of America:(-$1,000,000 Central Bank Reserves, +$1,000,000 deposits); Federal Reserve (+1,000,000 physical currency, -$1,000,000 deposits) Bank of America:(-$50,000 Central Bank Reserves, - $50,000 deposits); Federal Reserve (+50,000 Central Bank Reserves, +$50,000 deposits) Bank of America:(+$1,000,000 Central Bank Reserves, +$1,000,000 Discount Window Loan); Federal Reserve (+1,000,000 Discount Window Loan, +$1,000,000 Central Bank Reserves) Question 7 0/0.15 pts Use the 5 balance sheets in order to answer the following question: Federal Reserve As A $2,000,000 T-Bonds +$1,000,000 $2,000,000 CBR (Wells Fargo) Discount Window Loan +$1,000,000 CBR (Bank of America) $0 Wells Farge Heller Ats Liabilities and Stockholders Assets Land Stockholders Equity Bank of America Home Buyer Lation Stockholder's Equity Stockholders Equity $1,000,000 T-Boods $400,000 Deposits +$1,000,000 $100,000 T-Bonds +$1,000,000 Loans +$1,000,000 Loans -$1,000,000 Deposits +$1,000,000 CBR Deposits +$1,000,000 Discount Window Loan $2,000,000 CBR $1,000,000 House $500,000 Deposits Stockholder's Equity $600,000 Sede $100,000 Stechets $1,500,000 Skechers $1.000.000 Question: What are the balance sheet entries for Bank of America and Wells Fargo to facilitate the purchase of the house? Bank of America:(-$1,000,000 Central Bank Reserves, +$1,000,000 deposits); Wells Fargo (+1,000,000 Central Bank Reserves, +$1,000,000 deposits) Bank of America:(-$50,000 Central Bank Reserves, +$50,000 deposits); Wells Fargo (+50,000 Central Bank Reserves, -$50,000 deposits) Bank of America:(-$50,000 Central Bank Reserves, +$50,000 loans); Wells Fargo (+50,000 Central Bank Reserves, - $50,000 deposits) Bank of America:(-$1,000,000 Central Bank Reserves, -$1,000,000 deposits); Wells Fargo (+1,000,000 Central Bank Reserves, +$1,000,000 deposits)
