Corresponding behavioral explanations for each step

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Provide a bank balance sheet with at least three items on the left-hand-side and three items on the right-hand-side. Within this balance sheet, describe the bank making a loan of $2000. Provide the appropriate balance sheet steps and corresponding behavioral explanations for each step. Assume that the person receiving the loan check deposits the check in his/her checkable deposits. Verify how M2 changes as a result of this loan.

Reference no: EM131215894

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