Question
Draw a simple T-account for Peoples Bank of China (PBOC) which has $125,000 of deposits, a required reserve ratio of 12.5%, and excess reserves of
Draw a simple T-account for Peoples Bank of China (PBOC) which has $125,000 of deposits, a required reserve ratio of 12.5%, and excess reserves of $19000. Make sure your balance sheet balances.
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Advanced Financial Accounting
Authors: Richard E. Baker, Valdean C. Lembke, Thomas E. King
5th Edition
0072444126, 978-0072444124
