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  3. consider an economy with two banks, bank a and ban

Consider an economy with two banks, Bank A and Bank B, and the Fed. Also,...

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Accounting

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Consider an economy with two banks, Bank A and Bank B, and the Fed. Also, consider the following scenario: James Green writes a $3750 check on his account at Bank B to pay his friend, Tina Brown, who cashes out $1760 and deposits the rest in her account at Bank A. The illustration below shows how this affects the Fed's and each bank's balance sheet. What is the value X? (Provide your answer as a whole number without the $ sign.) Bank A Bank B Assets Liabilities Assets Liabilities Reserves LAJ Deposits LAI Reserves LBJ Deposits LBI Assets The Fed Liabilities Reserves LX Currency TY Consider an economy with two banks, Bank A and Bank B, and the Fed. Also, consider the following scenario: James Green writes a $3750 check on his account at Bank B to pay his friend, Tina Brown, who cashes out $1760 and deposits the rest in her account at Bank A. The illustration below shows how this affects the Fed's and each bank's balance sheet. What is the value X? (Provide your answer as a whole number without the $ sign.) Bank A Bank B Assets Liabilities Assets Liabilities Reserves LA Deposits LA] Reserves [B] Deposits LB.) Assets The Fed Liabilities Reserves LX Currency LY)

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