Question: Consider Figure 15-4. Explain how Jill Jones's debit-card transaction affects the assets and liabilities of Citibank and of Bank of America. Why does this transaction

Consider Figure 15-4. Explain how Jill Jones's debit-card transaction affects the assets and liabilities of Citibank and of Bank of America. Why does this transaction leave unchanged the total quantity of deposits in the banking system and, consequently, the money supply?

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