A balance sheet for a typical bank is given in Table 1

A balance sheet for a typical bank is given in Table 1 -...

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balance sheet  for a typical bank is given in Table 1  . The balance sheet summarizes the bank's  assets  and  liabilities.  Assets are valuable items that the bank owns and consist primarily of the  bank's reserves and loans. Liabilities are valuable items that the bank owes to others and consist  primarily of the bank's  deposit  liabilities to its depositors. In Table 1
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