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Suppose that JPMorgan Chase sells $300 metion in Treasury blis to the Fed. a. Use T-accounts to show the immediate inpact of this sale on

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Suppose that JPMorgan Chase sells $300 metion in Treasury blis to the Fed. a. Use T-accounts to show the immediate inpact of this sale on the balance sheets of JPMorgan Chase and the Fod: (Enter your responses as infegors inciude a minus sign to inclicato a negative change, but do not include a plus sign for a positive change.) b. Suppose that before seling the Treasury blis, JPMorgan Chase had no excess teserves. Suppose that the required reserve ratio is 10 . Suppose that JPMorgan Chase makes the maximum loan at can from the furds acguired by selling the Treasury bils. Assurse that the loan was made to a JP Morgan Chase customer and deposided into his or ter account Use a T-account to show the inital impact of granting the loan on JPMorgan Chase's balance sheet (Enter your responses as integera. incudfo a minus sign to indicafe a negative change. but do not inetude a plus sian for a positve change )

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