Determine the total change in bank of american assets


Assume that Bank of America lends the $100,000 to Jill's Jerseys. Using T-accounts, how this transaction is recorded on the bank's balance sheet. If Jill's spends the money to buy materials from Zach's Zippers, which has its checking account at the PNC Bank, demonstrate the effect on Bank of America's balance sheet. Determine the total change in Bank of America's assets and liabilities.

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Macroeconomics: Determine the total change in bank of american assets
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