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Question 5: (5 points total) Frank uses the $550 Dollars she got from his grandpa to open a brand new Checking Account at TD. a) How does this operation look on the Balance Sheets of BMO and Jason, respectively? Imagine now that Jason uses $200 of her $750 Dollars to purchase a computer from NewEgs, who has a Checking Account at RBC. There are two ways this operation can show on the Balance Sheets of Hugo Sport, BMO, CIBC, and Jason. b) Show the "Settlement" Option, using Balance Sheets of all parties involved c) Show the "Clearing" Option, using Balance Sheets of all parties involved d) Explain the difference between Settlement and Clearing Question 5: (5 points total) Frank uses the $550 Dollars she got from his grandpa to open a brand new Checking Account at TD. a) How does this operation look on the Balance Sheets of BMO and Jason, respectively? Imagine now that Jason uses $200 of her $750 Dollars to purchase a computer from NewEgs, who has a Checking Account at RBC. There are two ways this operation can show on the Balance Sheets of Hugo Sport, BMO, CIBC, and Jason. b) Show the "Settlement" Option, using Balance Sheets of all parties involved c) Show the "Clearing" Option, using Balance Sheets of all parties involved d) Explain the difference between Settlement and Clearing