Business, 26.01.2021 03:50 dantelin123

The bank has a 10% reserve requirement. Record each transaction in the category it belongs in. Carry forward the information from the previous transaction. The categories you will use are those included below. Eli has $5,000 in cash and decides that he needs to open a checking account at Main Street Bank.
Assets Liabilities
Required Reserves - 500
Excess Reserves -
Loans - 4500 Checkable Deposits - 5000

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The bank has a 10% reserve requirement. Record each transaction in the category it belongs in. Carry...

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