Use a T-account for Wells Fargo and a T-account for the Fed to show the result of

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Use a T-account for Wells Fargo and a T-account for the Fed to show the result of the Fed buying $1 million in Treasury bills from Wells Fargo.

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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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