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Macroeconomics 13th Edition by William Baumol ,Alan Blinder
Edition 13ISBN: 978-1305280601Macroeconomics 13th Edition by William Baumol ,Alan Blinder
Edition 13ISBN: 978-1305280601 Exercise 2
Use tables such as Tables 2 and 3 to illustrate what happens to bank balance sheets when each of the following transactions occurs:
a. You withdraw $100 from your checking account to buy concert tickets.
b. Sam finds a $100 bill on the sidewalk and deposits it into his checking account.
c. Mary Q. Contrary withdraws $500 in cash from her account at Hometown Bank, carries it to the city, and deposits it into her account at Big City Bank.
a. You withdraw $100 from your checking account to buy concert tickets.
b. Sam finds a $100 bill on the sidewalk and deposits it into his checking account.
c. Mary Q. Contrary withdraws $500 in cash from her account at Hometown Bank, carries it to the city, and deposits it into her account at Big City Bank.
Explanation
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Macroeconomics 13th Edition by William Baumol ,Alan Blinder
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