Principles Of Economics 2e
Principles Of Economics 2e
2nd Edition
ISBN: 9781680920864
Author: Timothy Taylor, Steven A. Greenlaw, David Shapiro
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 27, Problem 30P

A bank has deposits of $ 4 00 .

It holds reserves of $ 5 0 .

It has purchased government bonds worth $ 7 0 .

It has made loans of $ 5 00 .

Set up a T-account balance sheet for the bank, with assets and liabilities, and calculate the bank’s net worth.

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Principles Of Economics 2e

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