Events on a banks t-account

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Reference no: EM13744187

Show each of the following events on a bank’s T-account:

a. You withdraw $5000 from an account at Norwest Ban.

b. The Federal Reserve sells $1m in Treasury Bills to Norwest Bank.

c. The Federal Reserve makes a discount loan of $3m to TCF Bank.

d. You borrow $100,000 from Castle Bank.

Reference no: EM13744187

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