Question
If you deposit a $50 check in the bank, before the check has cleared, the change in your bank's balance sheet will be a $50
If you deposit a $50 check in the bank, before the check has cleared, the change in your bank's balance sheet will be
a $50 increase in cash and a $50 increase in checkable deposits.
a $50 increase in reserves and a $50 increase in checkable deposits.
a $50 increase in cash items in the process of collection and a $50 increase in checkable deposits.
a $50 increase in cash items in the process of collection and a $50 increase in reserves.
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Understanding The Finance Of Welfare
Authors: Howard Glennerster
2nd Edition
1847421091, 978-1847421098
