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Following Are the Consolidated Balance Sheets of the Chartered Banks

Question 29

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Following are the consolidated balance sheets of the chartered banks.Assume that the desired reserve ratio for banks is 10%.The figures in column 1 show the balance sheets' condition prior to each of the following five transactions.Place the new balance-sheet figures in the appropriate columns and complete A, B, C, D, and E for each column.Start each part (2-4) with the figures in column 1.All figures are in billions of dollars. Following are the consolidated balance sheets of the chartered banks.Assume that the desired reserve ratio for banks is 10%.The figures in column 1 show the balance sheets' condition prior to each of the following five transactions.Place the new balance-sheet figures in the appropriate columns and complete A, B, C, D, and E for each column.Start each part (2-4) with the figures in column 1.All figures are in billions of dollars.

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(a) Show in column 2 the initial results...

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