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1. Assume that Banc One receives a primary deposit of $1 million. The bank must keep reserves of 20 percent against its deposits. what does

1.Assume that Banc One receives a primary deposit of $1 million. The bank must keep reserves of 20 percent against its deposits. what does is mean to do a simple balance sheet of assets and liabilities for Banc One immediately after the deposit is received

how do you do a simple balance sheet

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