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1-Use T account to record the following transactions for HSBC Bank in each occurrence date : a. On May 2020 : Noha deposited at her
1-Use T account to record the following transactions for HSBC Bank in each occurrence date : a. On May 2020 : Noha deposited at her saving Account $600. b. On June 2020: Noha withdrew from her saving Account $200. c. On July 2020: Noha used $400 from her saving account to buy a certificate deposit for 2 years , with interest rate 7% annually received. d. On July 2021 : Noha received the interest rate at her saving account. 2- when deposit's outflow is $10 Million : a. How will this affect the financial position of the bank ? b. how could the bank deal with this situation to recover the reserves shortfall? Assets Liabilities Reserves $10M Deposits $100M Loans $90M Capital $10M Securities $10M
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