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A bank purchases $60,000 in bonds from a bond dealer who has a checking account at the bank. show how the bank's balance sheet be

  2. A bank purchases $60,000 in bonds from a bond dealer who has a checking account at the bank. show how the bank's balance sheet be affected by this change. Only list the changes on your balance sheet. Then, explain what will happen to the M1 and M2 money supplies.

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