Beginning Balances for Our Final Model - Model #4
As in the previous models, our grower friend starts with no money.
Grower |
Dealer |
Bank |
Money/Deposits |
Opening Balance:
$0.00 |
Opening Balance:
$2,250 |
Opening Balance:
$1,250. |
Total Money: $3,500.
Deposit Liabilities: $3,500.
|
As before, all parties have accounts at the bank for which the bank has deposit liabilities equal to total money.