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
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
Chapter19: Money Creation
Section: Chapter Questions
Problem 6SQP
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Question
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
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||||
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Assets
(billions of yuan)
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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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