Your uncle repays a $200 loan from Tenth National Bank (TNB) by writing a $200 check from his TNB checking account. Assume these funds are the only loans and deposits available for your uncle and the bank. Complete the following T-accounts for your uncle and TNB before your uncle repays the loan. Complete the following T-accounts for your uncle and TNB after your uncle repays the loan. Your Uncle Assets Liabilities Tenth National Bank Assets Liabilities Complete the following T-accounts for your uncle and TNB after your uncle repays the loan. Your Uncle Assets Liabilities Tenth National Bank Assets Liabilities True or False: Your uncle's wealth has changed. True False
Your uncle repays a $200 loan from Tenth National Bank (TNB) by writing a $200 check from his TNB checking account. Assume these funds are the only loans and deposits available for your uncle and the bank. Complete the following T-accounts for your uncle and TNB before your uncle repays the loan. Complete the following T-accounts for your uncle and TNB after your uncle repays the loan. Your Uncle Assets Liabilities Tenth National Bank Assets Liabilities Complete the following T-accounts for your uncle and TNB after your uncle repays the loan. Your Uncle Assets Liabilities Tenth National Bank Assets Liabilities True or False: Your uncle's wealth has changed. True False
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Your uncle repays a $200 loan from Tenth National Bank (TNB) by writing a $200 check from his TNB checking account. Assume these funds are the only loans and deposits available for your uncle and the bank.
Complete the following T-accounts for your uncle and TNB before your uncle repays the loan.
Complete the following T-accounts for your uncle and TNB after your uncle repays the loan.
| Your Uncle | |||
| Assets | Liabilities | ||
|
|
|
| Tenth National Bank | |||
| Assets | Liabilities | ||
|
|
|
Complete the following T-accounts for your uncle and TNB after your uncle repays the loan.
| Your Uncle | |||
| Assets | Liabilities | ||
|
|
|
| Tenth National Bank | |||
| Assets | Liabilities | ||
|
|
|
True or False: Your uncle's wealth has changed.
True
False
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