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7. Suppose the First National Bank of Naboo has a T-account as follows: Assets Liabilities Reserves $ $600 Deposits $ 12,000 Loans $ 15,000 Debt

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7. Suppose the First National Bank of Naboo has a T-account as follows: Assets Liabilities Reserves $ $600 Deposits $ 12,000 Loans $ 15,000 Debt $3,500 Securities $ 2,400 Capital $ 2,500 What is the new value of bank capital if assets depreciate by 12.50%? a. $250 b. $600 c. $1,200 d. $2500 8. Which function of money corresponds to the ability to post prices and record debts

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