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Rio Tinto (transactional bank account at ANZ) issues shares, which are bought by UniSuper (transactional bank account at ANZ). Rio Tinto buys a new machine
Rio Tinto (transactional bank account at ANZ) issues shares, which are bought by UniSuper (transactional bank account at ANZ). Rio Tinto buys a new machine from the producer (transactional bank account at Westpac).
a. Represent the changes in the balance sheets of Rio Tinto, ANZ, and Westpac.
b. Draw the flow of funds diagram with the share, the machine, the bank deposit creation and destruction, and ESF.
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