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04-07-2024
Business

Answered

A bank loans Danuta's Print Shop $130,000 to remodel a building near campus to use as a new store. On their respective balance sheets, this loan is
a) a liability for the bank and an asset for Danuta's Print Shop. The loan does not increase the money supply.
b) an asset for the bank and a liability for Danuta's Print Shop. The loan increases the money supply.
C) a liability for the bank and an asset for Danuta's Print Shop. The loan increases the money supply.
d) an asset for the bank and a liability for Danuta's Print Shop. The loan does not increase the money supply.

Answer :

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