Question
Suppose a customer deposits $1,000 cash into her chequing account. How will this affect the banks assets and liabilities? a. Assets fall by $1,000 and
Suppose a customer deposits $1,000 cash into her chequing account. How will this affect the bank’s assets and liabilities?
a. | Assets fall by $1,000 and liabilities fall by $1,000. | |
b. | Assets fall by $1,000 and liabilities rise by $1,000. | |
c. | Assets rise by $1,000 and liabilities fall by $1,000. | |
d. | Assets rise by $1,000 and liabilities rise by $1,000. |
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Intermediate Algebra
Authors: Margaret Lial, John Hornsby, Terry McGinnis
13th Edition
0134895983, 978-0134895987
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