Using T-accounts, explain what happens to the balance sheets of the relevant entities in each of the following cases. Ho

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Using T-accounts, explain what happens to the balance sheets ofthe relevant entities in each of the following cases. How does themonetary base change in each case?The Fed buys a $1,000 Mortgage Backed Security from a mutualfund (assume the transaction goes through a commercialbank). Bank of America pays back a $20,000 discount loan. The Treasury transfers $5 million from its account atBank of America to its account at the Fed.