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Suppose that the Federal Reserve purchases $30,000 worth of government bonds from Ellen (a private cit izen), and that Ellen deposits all of the proceeds
Suppose that the Federal Reserve purchases \$30,000 worth of government bonds from Ellen (a private cit izen), and that Ellen deposits all of the proceeds from the sale into her checking account at Z Bank. Construct a balance sheet, with assets on the left and liabilities on the right, to show how Ellen's deposit creates new assets and liabilities for Z Bank.
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