Question: 2 question only ... please do not write on aa paper. d. A bank borrows $500 000 in overnight loans from another bank. e. You

2 question only ... please do not write on aa paper.

d. A bank borrows $500 000 in overnight loans from another bank. e. You use your debit card to purchase a meal at a restaurant for $100. 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. Suppose in circulation is $600 billion, the amount of chequable deposits is $900 billion

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