Question
Suppose Maria makes a RM50 thousand loan from Maxima's bank. What type of adjustments to take place to the Maxima Banks balance sheet? A. Asset:
Suppose Maria makes a RM50 thousand loan from Maxima's bank. What type of adjustments to take place to the Maxima Bank’s balance sheet?
A. Asset: Reserve(-RM50,000); Liability: Checkable Deposits (+RM50,000)
B. Asset: Reserve (+RM50,000); Liability: Checkable Deposits (-RM50,000)
C. Asset: Loan (+RM50,000); Liability: Checkable Deposits (+RM50,000)
D. Asset: Loan (-RM50,000); Liability: Checkable deposits (-RM50,000)
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Money Banking and Financial Markets
Authors: Laurence M. Ball
2nd edition
1429244097, 978-1429244091
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