2.1 Suppose that PNC Bank sells $1 million in Trea- sury bills to the Fed and...
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2.1 Suppose that PNC Bank sells $1 million in Trea- sury bills to the Fed and then makes a $1 million loan to David's Donut Emporium and Boat Re- pair. Use a T-account to show the results of these transactions on PNC's balance sheet. 2.1 Suppose that PNC Bank sells $1 million in Trea- sury bills to the Fed and then makes a $1 million loan to David's Donut Emporium and Boat Re- pair. Use a T-account to show the results of these transactions on PNC's balance sheet.
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