Classify each of these transactions as either an asset, a liability, or neither for each of the

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Classify each of these transactions as either an asset, a liability, or neither for each of the “players” in the money supply process—the Federal Reserve, banks, and depositors.

a. You get a $10,000 loan from the bank to buy an automobile.

b. You deposit $400 into your checking account at the local bank.

c. The Fed provides an emergency loan to a bank for

$1,000,000.

d. A bank borrows $500,000 in overnight loans from another bank.

e. You use your debit card to purchase a meal at a restaurant for $100.

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