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The following are simplified balance sheets for the chartered banking system and the Bank of Canada.Perform the two following transactions, (1)and (2),making appropriate changes in columns (1)and (2)in each balance sheet.Do not cumulate your answers.Also,answer these three questions for each part: (a)What change,if any,took place in the money supply as a direct result of this transaction? (b)What change,if any,occurred in chartered bank reserves? (c)What change occurred in the money-creating potential of the chartered banking system if the reserve ratio is 20%? All figures are in billions of dollars.
Phenylalanine
An essential amino acid important in the biosynthesis of proteins.
Recessive Gene
A type of gene that expresses its traits only when paired with an identical or similar gene, as opposed to a dominant gene that can express its traits when paired with a different gene.
21st Chromosome
A chromosome in humans that, when an individual has three copies (trisomy 21) rather than the usual two, causes Down syndrome.
Down Syndrome
A genetic disorder caused by the presence of all or part of a third copy of chromosome 21, characterized by developmental delays, physical growth limitations, and distinctive facial features.
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