Suppose a student writes a check in the amount of $500 to the college bookstore for textbooks. Discuss briefly the impac

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answerhappygod
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Suppose a student writes a check in the amount of $500 to the college bookstore for textbooks. Discuss briefly the impac

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Suppose a student writes a check in the amount of $500 to thecollege bookstore for textbooks. Discuss briefly the impact on thestudent's balance sheet, his/her bank's balance sheet, thebookstore’s bank’s balance sheet and the balance sheet of theFed.
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