Business
Business, 26.10.2019 05:43, tykeria58

First national bank loans mike’s shoe store $100,000 for remodeling. on their balance sheets, this loan is an asset for mike’s shoe store and a liability for the first national bank.
a. the loan leads to an increase in the money supply. an asset for mike’s shoe store and a liability for the first national bank.
b. the loan does not lead to an increase in the money supply. a liability for mike’s shoe store and an asset for the first national bank.
c. the loan leads to an increase in the money supply. a liability for mike’s shoe store and an asset for the first national bank.
d. the loan does not lead to an increase in the money supply

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First national bank loans mike’s shoe store $100,000 for remodeling. on their balance sheets, this l...

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