Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mrs Nichil (bank deposit account at Alpha Bank) pays her gym membership to the sport company (bank deposit account at Gamma Bank) with a bank

Mrs Nichil (bank deposit account at Alpha Bank) pays her gym membership to the sport company (bank deposit account at Gamma Bank) with a bank transfer.

Which of the following statements is correct?

A.Gamma Bank's ESFs have decreased. B.The total amount of central bank money in the financial system has decreased. C.The sport company gains ESFs. D.The total amount of bank deposits in the financial system has decreased. E.Alpha Bank destroys bank deposits

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurial Finance

Authors: J . chris leach, Ronald w. melicher

4th edition

538478152, 978-0538478151

More Books

Students also viewed these Finance questions

Question

1. What is meant by Latitudes? 2. What is cartography ?

Answered: 1 week ago