Question: I am a bit confused on how to do this problem. Would really appreciate some help! Question 2: A. Draw a balance sheet for BankABC.
I am a bit confused on how to do this problem. Would really appreciate some help!
Question 2: A. Draw a balance sheet for BankABC. There is a reserve requirement of 15%. B. Record what happens to liabilities and assets when Alex deposits $1,000 into his checking account. C. Sue deposits $500 into her savings account in Bank ABC. Record how this affects the balance sheet you already drew. D. Dave wants a loan to buy a car. He goes to Bank ABC and borrows $1,000. Record this transaction on the same bank balance sheet
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