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What happens to reserves at the First National Bank if one person withdraws $1,500 of cash and another person deposits $600 of cash? Use a

What happens to reserves at the First National Bank if one person withdraws $1,500 of cash and another person deposits $600 of cash? Use a T-account to explain your answer. Part 2

The T-account for First National Bank is:

Assets Liabilities

Rese $ enter your response here Checkable deposits$ enter your response here

The T-account for the Second National Bank is:

Assets Liabilities

Reserves $ Checkable deposits $

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