Your uncle repays a $100 loan from Tenth National Bank (TNB) by writing a $100 check from

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Your uncle repays a $100 loan from Tenth National Bank (TNB) by writing a $100 check from his TNB checking account. Use T-accounts to show the effect of this transaction on your uncle and on TNB. Has your uncle’s wealth changed? Explain.

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Question Posted: Dec 14, 2012 06:16 AM

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Your uncle repays a $100 loan from Tenth National Bank (TNB) by writing a $100 check from

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Principles of economics

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