Question: 2 question , donot add image 2. Using T-accounts, show what happens to chequable deposits in the banking system when the Bank of Canada sells

2 question , donot add image

2. Using T-accounts, show what happens to chequable deposits in the banking system when the Bank of Canada sells $2 million of bonds to the First National Bank. 3. Suppose that currency in circulation is $600 billion, the amount of chequable deposits is $900 billion, excess reserves are $15 billion, and the desired ratio is 10%

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