Use tables to illustrate what happens to bank balance sheets when each of the following transactions occurs:
Question:
a. You withdraw $100 from your checking account to buy concert tickets.
b. Sam finds a $100 bill on the sidewalk and deposits it into his checking account.
c. Mary Q. Contrary withdraws $500 in cash from her account at Hometown Bank, carries it to the city, and deposits it into her account at Big CityBank.
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Assets Reserves 100 a b Liabilities Deposits 100 ...View the full answer
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Related Book For 
Macroeconomics Principles And Policy
ISBN: 9780324586213
11th Edition
Authors: William J. Baumol, Alan S. Blinder
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