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Use T-accounts to show how balance sheets (assets and liabilities) of the Federal Reserve the banks, and the public change after each of the following
Use T-accounts to show how balance sheets (assets and liabilities) of the Federal Reserve the banks, and the public change after each of the following events. You should assume the required reserves ratio is 10% 1. The Fed provides an emergency loan to a bank for $1.000.000 2. First National Bank borrows $500,000 in overnight loans from Bank of Amenca TT T Arial 3(12pt; T-E13
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