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What is the expaination of these transactions BANK X BANK Z (DEALER) BANK Y +Loan, Person A +Deposits, Person A +reserves +Fed Funds, due to
What is the expaination of these transactions
BANK X BANK Z (DEALER) BANK Y +Loan, Person A +Deposits, Person A +reserves +Fed Funds, due to Bank Z +Fed Funds, due from Bank X -reserves -reserves +reserves -Deposits, Person A +Deposits, Person B BANK X BANK Z (DEALER) BANKY +Loan, Person A +Fed Funds, due to Bank Z +Fed Funds, due from Bank X -reserves +reserves +Deposits, Person B +reserves +Fed Funds, due to Bank Y +Fed Funds, due from Bank Z -reservesStep by Step Solution
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