Question

Suppose first main street bank, second republic bank, and third fidelity bank all have zero excess reserves. the required reserve ratio is 10%. the federal reserve buys a government bond worth $500,000 from manuel, a client of first main street bank. he deposits the money into his checking account at first main street bank.

Answer 1

Answer:

Please see attachment

Explanation:

Please see attachment

Answer 2

he deposits the money into his checking account at first main street bank is the answer