Based on the T Chart, if The FED Bought $1,000 in Bonds from this bank what numbers would change? I Assets Liabilities and Equity $20,000 Required Reserves(Vault) $2,000 Demand Deposits Excess Reserves (Loanable Funds) $3,000 Business Loans $5,000 Student Loans $10,000 Government Securities $5,000 Owner's Equity $5,000 Total Assets Total Liability $25,000 $25,000
Based on the T Chart, if The FED Bought $1,000 in Bonds from this bank what numbers would change? I Assets Liabilities and Equity $20,000 Required Reserves(Vault) $2,000 Demand Deposits Excess Reserves (Loanable Funds) $3,000 Business Loans $5,000 Student Loans $10,000 Government Securities $5,000 Owner's Equity $5,000 Total Assets Total Liability $25,000 $25,000
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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
Transcribed Image Text:Based on the T Chart, if The FED Bought $1,000 in Bonds from this bank what
numbers would change?
Assets
Liabilities and Equity
$20,000
Required Reserves(Vault) $2,000 Demand Deposits
Excess Reserves (Loanable Funds) $3,000
Business Loans
$5,000
Student Loans
$10,000
Government Securities
Total Assets
$5,000 Owner's Equity
Total Liability
$5,000
$25,000
$25,000
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