1. (5pts.) If the Fed sells $1.5 million of bonds to the First National Bank, what happens to the assets and liabilities of the - Fed's T-account? - First National Bank's T-account? - the monetary base? 2. (5pts.) If the Fed lends ole-bank a total of $200 million but depositors withdraw $150 million and hold it as currency, what happens to the assets and liabilities of the - Fed's T- account? - Ole-bank's T-account? - the monetary base?.