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Business, 25.02.2020 18:57 pepsi08u29lll

The balance sheet for ACME Bank is shown below

ACME Bank Balance Sheet 1
Assets 86,500
Loan 30,000
Property 309,000

Liabilities and net worth
Checkable 116,000
Stock shares 310.000

Suppose the bank decides to invest 40 percent of its excess reserves in short-term securities in order to earn interest. The bank issues a cashier's check to a securities dealer to purchase the securities. The securities dealer deposits the check into an account at a different bank. What will ACME Bank's balance sheet look like after the check has been processed?

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The balance sheet for ACME Bank is shown below

ACME Bank Balance Sheet 1
Assets...
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