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On Monday, Palm Bank had customer deposits in the amount of $10,000 with required reserves of $3,000. Currently, the Fed's discount rate is 3.7%. A
On Monday, Palm Bank had customer deposits in the amount of $10,000 with required reserves of $3,000. Currently, the Fed's discount rate is 3.7%. A treasury bond is an instrument issued by the U.S. Treasury to cover the Federal government's budget deficits. Like all investors, banks acquire treasury bonds because they are assets that pay the holder interest and principal at maturity. On Tuesday, Palm Bank purchased $2,000 worth of U.S. Treasury bonds. If this was the only transaction for Palm Bank on Tuesday, then at the close of business, which of the answer choices shows the correct TAccount of the bank? On Monday, Palm Bank had customer deposits in the amount of $10,000 with required reserves of $3,000. Currently, the Fed's discount rate is 3.7%. A treasury bond is an instrument issued by the U.S. Treasury to cover the Federal government's budget deficits. Like all investors, banks acquire treasury bonds because they are assets that pay the holder interest and principal at maturity. On Tuesday, Palm Bank purchased $2,000 worth of U.S. Treasury bonds. If this was the only transaction for Palm Bank on Tuesday, then at the close of business, which of the answer choices shows the correct TAccount of the bank
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