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Use T-accounts to describe what happens in the following instances: The Bank of Japan sells 10 billion of securities to banks. The Bank of England
Use T-accounts to describe what happens in the following instances:
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The Bank of Japan sells 10 billion of securities to banks.
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The Bank of England buys 97 million of securities from banks.
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Banks borrow 897 million from the ECB.
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Banks repay $C80 million of loans to the Bank of Canada.
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The Fed buys $75 billion of securities from the nonbank public, which deposits $70 billion and keeps $5 billion in cash.
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