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Assume all of Bank 2's loans of $14,080 are spent by the borrowers and then deposited into Bank 3 Use the T.-account below to show

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Assume all of Bank 2's loans of $14,080 are spent by the borrowers and then deposited into Bank 3 Use the T.-account below to show the resu 12% (Remember T accounts show the changes to a bank's balance sheet ) ult f this transaction for Bank 3, assuming Bank 3 keeps no excess reserves and the reserve requirement is Bank 3's T-account Assets Liabilities Deposits S Reserves Loans

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