3. Consider the T-table of the Bank of Boston. Suppose the Federal Reserve Bank only requires the Bank of Boston to hold

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3. Consider the T-table of the Bank of Boston. Suppose the Federal Reserve Bank only requires the Bank of Boston to hold

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3 Consider The T Table Of The Bank Of Boston Suppose The Federal Reserve Bank Only Requires The Bank Of Boston To Hold 1
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3. Consider the T-table of the Bank of Boston. Suppose the Federal Reserve Bank only requires the Bank of Boston to hold 20 percent of deposits as bank reserves. The Bank of Boston now holds $ million in exess reserves. Submit Balance sheet of the Bank of Boston Assets Liabilities Government bonds -$5,000,000 Checkable deposits $5,000,000 Currency (=bank reserves) +$5,000,000 Loans $0
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