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Defining account types

Bank accounts must be classified as either an Asset, a Liability, or the Equity of the relevant Bank, using the drop-down menu currently labeled 353 at the top of each account. In this model, Reserves are an Asset of the banking sector, the accounts of ``Patient'' and ``Impatient'' are liabilities, and the ``Safe'' is the Equity of the banking system. Click on the 354 button and this drop-down menu will appear:

355

Choose the relevant entry for each column, and the accounts will be properly classified when the model is simulated:

356



Subsections

Russell Standish 2014-11-16