Answer
Please see the image of the T-accounts (before and after).
Work Step by Step
The wealth of my uncle hasn't changed. There are just fewer assets and fewer liabilities for my uncle.
Principles of Economics, 7th Edition
by Mankiw, N. Gregory
Published by
South-Western College
ISBN 10:
128516587X
ISBN 13:
978-1-28516-587-5
Chapter 29 - Part X - The Monetary System - Problems and Applications - Page 630: 2
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