(m) Draw the balance sheet of the central bank using the following items: a) Loan...
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Accounting
(m) Draw the balance sheet of the central bank using the following items: a) Loan to Kiwibank $30 b) currency $20 , c) bank account Kiwibank at the central bank $10.
(n) Starting from the balance sheet in (m). What happens to the balance sheet of the central bank when it does the following open market operation. It buys a government bond with a value of $10 from Kiwibank.
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