Using the t-accounts of the first national bank and the

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a) Using the T-accounts of the First National Bank and the Second National Bank, describe what happens when Jane Brown writes a $50 check on her account at the First National Bank to pay her friend Joe Green, who in turn deposits the check in his account at the Second National Bank.

b) Why has the development of overnight loan markets made it more likely that banks will hold fewer excess reserves?

Reference no: EM13484142

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