Use T-accounts to describe what happens in the following instances:

1.The Bank of Japan sells 10 billion of securities to banks.

2.The Bank of England buys 97 million of securities from banks.

3.Banks borrow 897 million from the ECB.

4.Banks repay $C80 million of loans to the Bank of Canada.

5.The Fed buys $75 billion of securities from the nonbank public, which deposits $70 billion and keeps $5 billion in cash.