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Consider the balance sheet of the following bank. Show all the balance sheet steps of Chase making a loan of $1000. Provide a brief explanation
Consider the balance sheet of the following bank. Show all the balance sheet steps of Chase making a loan of $1000. Provide a brief explanation for each step, and assume that the loan check is re-deposited in another bank (provide a balance sheet for that bank as well). Verify how the money supply (M2) changes as a result
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