htps//elearn tnstate edu/d2l/e/content/7236068/viewContent/49745410/Viw R My Hom

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htps//elearn tnstate edu/d2l/e/content/7236068/viewContent/49745410/Viw R My Home Economics Principles I Marcus Abdul Economics Principles I Marcus Abdul &1 4/1/18 5:19 PM Homework: Homework Chapter 14 Score: 0 of 1 pt Concept: T-Accounts Save 15 of 20 (16 completo) HW Score: 69 17%, 13 83 of 20 pts E Question Hop Suppose banks keep no excess reserves and that al banks are curenty mooting the neservo roquiroment The Foderal Roserve then makes an open market purchase ot 516,000 from Bank 1 Use the T-account betow to show the reaut of this transaction for Bank 1, assuming Bank 1 keeps no excess neserves affer the transaction (Rmember T accounts show the changes to a bank's balance sheed) Bank 1's T-account Assets Reserves opouts Loans Enter your answer in the edi tields and then click Check Answer Clear Al D Send to Binder Reflect in ePortolio Downlsad Pnt Activity Details

Explanation / Answer

SOLUTION:

Assets Liabilities Reserves $0 Deposits $0 Loans $16,000 Securities -$16,000

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