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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Money, Banking, and the Financial System

ISBN: 978-0134524061

3rd edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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