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Use tables such as Tables 2 and 3 in the text ( T balances) to illustrate what happens to bank balance sheets when each of

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Use tables such as Tables 2 and 3 in the text ( T balances) to illustrate what happens to bank balance sheets when each of the following transactions occurs: a. You withdraw $100 from your checking account to buy concert tickets. b. Sam finds a $100 bill on the sidewalk and deposits it into his checking account. c. Mary Q Contrary withdraws $500 in cash from her account at Hometown Bank, carries it to the city, and deposits it into her account at Big City Bank. For each of the transactions listed in about questions, what will be the effect on the money supply if the required reserve rate is 12.5 percent? (Assume that the oversimplified money multiplier formula applies. Write that formula)

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