ACTUAL ANSWER PLEASE!!! It is the whole question! Suppose that Fair Bank, located in...
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ACTUAL ANSWER PLEASE!!! It is the whole question!
Suppose that Fair Bank, located in Fairdealing, MO, decides to grant loans for a total of $10 million to its account holders. The balance sheet below shows the financial situation of Fair Bank before the loans were granted (in million dollars). Use the column to the right to replace the proper figures that represent Fair Bank's new situation. Now suppose that the loan recipients write checks to people not holding accounts at Fair Bank for the entire $10 million. In turn, the checks are cashed by their beneficiaries at their corresponding banks. Again, use the figures of the column to the right to represent the financial situation of Fair Bank after all checks are cleared
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