When a customer deposits $100 into a checking account, the effect is to
a. increase the bank's liabilities.
b. decrease the bank's liabilities.
c. increase the bank's assets.
d. decrease the bank's assets.
e. increase both the bank's liabilities and its assets.
E
You might also like to view...
If a firm is maximizing profits, the extra revenue it receives from selling its last unit of output exceeds the extra cost of producing that unit
Indicate whether the statement is true or false
Suppose the current account shows debits of $5.3 billion and credits of $4.7 billion. The current account balance is ________, and the financial account balance is ________
A) +$0.6 billion; -$0.6 billion B) +$0.6 billion; +$0.6 billion C) -$0.6 billion; -$0.6 billion D) -$0.6 billion; +$0.6 billion
According to academic research, securities prices reflect new information
A) within a few minutes. B) within a day. C) within a week. D) within a month.
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y2. C. P3 and Y1. D. P2 and Y3.