Suppose that Lena, who has an account at Sun-Trust Bank, writes a check for $100 to Jos,
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Suppose that Lena, who has an account at Sun-Trust Bank, writes a check for $100 to José, who has an account at National City Bank. Use Taccounts to show how the balance sheets of each bank will be affected after the check clears.
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SunTrust Banks checkable deposits fall by 100 and its reserv...View the full answer
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Related Book For
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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