Question 4 (2 points) Now let's turn to the second bank where the check is deposited (Bank of Boston). Show the effect of this transaction on the balance sheet of Bank of Boston. Bank of America Assets Liabilities Reserves Deposits Loans Assets: $4,000 Liabilities: $4,000 Assets: $3,600 Liabilities: $3,600 Assets: $400 Liabilities: $400 Assets: $7,600 Liabilities: $7,600

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