Question
QUESTION 17 Which of the following operations does NOT create bank deposits? A.A bank pays the rent to a customer who is not an ADI.
QUESTION 17
Which of the following operations doesNOTcreate bank deposits?
- A.A bank pays the rent to a customer who is not an ADI.
- B.A bank makes a loan to aborrower who is not an ADI.
- C.A bank buys a security issued by acompany that is not an ADI.
- D.A bank pays interest to a customerwhois not an ADI.
- E.All transactions above create bank deposits.
QUESTION 18
The payment of dividends by Telstra, a telecommunication company,______________________.
- A.decreases Telstra'saccumulatedretained profits
- B.decreases the shares on issue.
- C.decreases equity in Telstra shareholder'sbalance sheet.
- D.increases Telstra's bank deposits.
- E.increases the shares issued by Telstra.
QUESTION 19
Consider the following transactions occurring during a fortnight. Juliette's wage for her casual job is $700;her parents give her an allowance of $100; she pays a rent of $250 with a bank account transfer; her grocery bill paid with her debit card is $100; the interest on her savings account is $50; she buys an ironing table for $70 with her debit card.
Which statement isNOTcorrect?
- A.Her total income for that fortnight is $850.
- B.Her equity increases in net by $500 during that fortnight.
- C.Her debt does not change during that fortnight.
- D.Her current savings for that fortnight is $50.
- E.Her expenses for that fortnight are $350
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started