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    Principles of Macroeconomics Study Set 11
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    Exam 10: The Money Supply and the Federal Reserve System
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    In Terms of a Bank's or a Company's Balance Sheet
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In Terms of a Bank's or a Company's Balance Sheet

Question 58

Question 58

Essay

In terms of a bank's or a company's balance sheet what is meant by the statement that "the books always balance?"

Correct Answer:

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It simply means that at any pa...

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