Assignment Score: 50% Resources Own Check Answer Question 2 of 4 > Stacked The Monetary System - Work It Out: Question 1 of 2 Brenda Olivia Adams starts her own bank, called BOA. As owner, Brenda puts in S3000 of her own money. BOA then borrows S2000 in a long-term loan from Brenda's roommate, accepts $7500 in demand deposits from her neighbors, buys 51000 of corporate bonds, lends $8000 to local businesses to finance new investments, and keeps the remainder of the bank's assets as reserves at the Fed. b. Now assume an economic downturn causes 15 percent of the local businesses to declare bankruptcy and default on their loans. Calculate the new values for loans, capital, total assets, and total liabilities as a result of the bankruptcies. New value of loans S New value of capitals Total assets Total liabilities S The percentage decline in value of assets is The percentage decline in value of capital is o O 96 & 5 6 7 00 9 0 u O