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Chako Chako
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8 years ago
A balance sheet for the central bank of Pecunia is shown below:

Central Bank Balance Sheet
Assets      Liabilities
Foreign assets   $1,000   Deposits held by private banks   $500
Domestic assets   $1,500   Currency in circulation   $2,000

Please write the new balance sheet if the bank purchased $100 in foreign bonds by writing a check on itself.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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8 years ago
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Chako Author
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#2
8 years ago
Makes a lot of sense, and you're right.. I appreciate the input
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#3
7 years ago
Happy to help you!
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