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4. In each of the following, discuss the effects on the Fed’s and the bank’s assets...

4. In each of the following, discuss the effects on the Fed’s and the bank’s assets and liabilities:

            a. You borrow $30,000 from a bank to buy a car

            b. You deposit $1000 in your checking account at local bank

            c. A bank borrows $1 million on federal funds market.

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