k. Show the effects (the changes) on the balance sheets for the Fed and the commercial banks of a $100 open market purchase of securities after the completion of the money multiplier process. Assume that the required reserve ratio is .1, the excess reserve ratio is .1 and the currency to deposit ratio is .3. Fed Assets Securities Loans to Banks Liabilities Currency in Circulation Member Bank Reserves Banks Assets Reserves Securities Liabilities Deposits Loans from Fed Capital Loans