Summarizes the net effect of the listed bank transactions

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Which of the following correctly summarizes the net effect of the listed bank transactions?

Transactions

- Customers deposit $500 in their checking accounts

- The bank borrows $1000 from the Fed

- The bank sells $500 in bonds to the fed

a) Reserves increase by $1500

b) Reserves increase by $2000

c) Assets increase by $1500

d) Assets increase by $2000

e) b and d

f) b and c

Reference no: EM131244611

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