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Using T-accounts for Second Bank, please show the initial effects of the following events. Use a separate T-account for each. a. A check of $4000
Using T-accounts for Second Bank, please show the initial effects of the following events. Use a separate T-account for each.
a. A check of $4000 is deposited into a checking account. b. $2000 in cash is withdrawn from a savings account. c. Second Bank receives a loan payment of $1000 in cash.
d. An open market purchase of $200 million. The Fed buys $200 million worth of securities from Second Bank.
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