Higgins Company gathered the following reconciling information in preparing its October bank reconciliation: 
The adjusted cash balance per books on October 31 is
Definitions:
Open Market Sales
Operations by a central bank to sell securities in the open market to decrease the money supply in the economy.
Equilibrium Value
A state in which market supply and demand balance each other, and, as a result, prices become stable.
Price Level
An index of the average prices of goods and services throughout an economy, often used to measure inflation.
Nominal GDP
The gross domestic product measured in current prices, without adjustment for inflation.
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