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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?

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?
asked 104k views
1 vote
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?

asked
User MGY
by
9.1k points

1 Answer

4 votes

Answer:

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

answered
User Gilad Sharaby
by
7.1k points
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