SOLUTION: Assume that Banc One recieves a primary deposit of $1 million. The bank must keep reserves of 20 percent aginst its deposits. Prepare a simple balance sheet of assets and liabiliti
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Question 566778: Assume that Banc One recieves a primary deposit of $1 million. The bank must keep reserves of 20 percent aginst its deposits. Prepare a simple balance sheet of assets and liabilities for Banc One immediately after the deposit is received.
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
Preparing a balance sheet is an accounting problem, not an algebra problem. Try Accounting.com or some such.
John
My calculator said it, I believe it, that settles it
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