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My sister has been given a loan for $10,000, and she deposited the full loan amount into her checking account. How would this be reflected on her bank’s balance sheet?
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My sister has been given a loan for $10,000, and she deposited the full loan amount into her checking account. How would this be reflected on her bank’s balance sheet?

User MGY
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1 Answer

4 votes

Answer:

Loans and deposits would increase by the same amount as the deposit

User Gilad Sharaby
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