Exhibit 13-1 -Refer to Exhibit 13-1. Suppose That the Federal Reserve Conducts

Exhibit 13-1

-Refer to Exhibit 13-1. Suppose that the Federal Reserve conducts open market operations by purchasing $1,000 worth of government securities from Bank A. At the end of this process of money creation depicted in the exhibit,what is the total amount of new checkable deposits,blank (G) ?

A) $1,000,000
B) $1,000
C) $10,000
D) $100,000