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Based on the following scenarios, explain and analyse the changes in the balance sheets of...

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Finance

Based on the following scenarios, explain and analyse the changes in the balance sheets of the central bank, the banking system, and the public. You are required include appropriate T- accounts in your answer to support your explanation.

(a) an individual takes out a loan of 1 million from a bank and then transfer the money to another individuals bank account;

(b) an individual withdraws a deposit of 1 million from a bank and holds the currency at home.

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