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Business, 30.11.2019 02:31 stdias

Suppose banks keep no excess reserves and that all banks are currently meeting the reserve requirement. the federal reserve then makes an open market purchase of $13 comma 000 from bank 1. use the t-account below to show the result of this transaction for bank 1, assuming bank 1 keeps no excess reserves after the transaction. (remember t-accounts show the changes to a bank's balance sheet.)

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