Suppose​ People's Bank of China buys 20 billion yuan of government securities from ICBC.   Show how the transaction changes the balance sheets by filling in the numbers.   ​People's Bank of China   Assets ​(billions of​ yuan) Liabilities ​(billions of​ yuan)   Securities enter your response here Reserves of ICBC enter your response here ICBC   Assets ​(billions of​ yuan) Liabilities ​(billions of​ yuan)   Securities enter your response here       Reserves enter your response here

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter19: Money Creation
Section: Chapter Questions
Problem 6SQP
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Suppose​ People's Bank of China buys 20 billion yuan of government securities from ICBC.
 
Show how the transaction changes the balance sheets by filling in the numbers.
 
​People's Bank of China
 
Assets
​(billions of​ yuan)
Liabilities
​(billions of​ yuan)
 
Securities
enter your response here
Reserves of ICBC
enter your response here
ICBC
 
Assets
​(billions of​ yuan)
Liabilities
​(billions of​ yuan)
 
Securities
enter your response here
 
 
 
Reserves
enter your response here
 
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