If you deposit a $50 check in the bank, the immediate impact on your bank's balance sheet will be a
A) $50 increase in reserves and a $50 increase in checkable deposits.
B) $50 decrease in reserves and a $50 increase in checkable deposits.
C) $50 increase in reserves and a $50 decrease in checkable deposits.
D) $50 decrease in liabilities and a $50 increase in checkable deposits.
A
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Mouthwash is sold in 24 oz bottles for $2.40 and in 12 oz. bottles for $1.20. This represents
A) price differentiation. B) price discrimination. C) marginal cost pricing. D) None of the above.
Profit is defined as total revenue
a. plus total cost. b. times total cost. c. minus total cost. d. divided by total cost.
Which statement is false?
A. The main liberal theories of poverty are employment discrimination, black male joblessness, and the inadequacy of human capital. B. William Julius Wilson sees racism and technological change as leading causes of black poverty. C. Barbara Ehrenreich and Frances Fox Piven call for a large government jobs program to wipe out poverty. D. None of these statements are false.
Seventy-Three Land, Inc., sued Maxlar Partners for the balance due on a note made by the partnership. Max, a partner, asked the court to dismiss the claim against him personally because the plaintiff had not first tried to collect against the partnership. Does Max have a valid claim
1. In legal terms, Maxlar Partner and the company's partners haveSelect liability for the note. 2. If Max never signed a partnership agreement with the other Maxlar Partners, may he still be held liable for the note obligations? 3. If the court allows Seventy-Three Land to move forward in its case against Max and further finds Max responsible for the note, mucs to pay off the debt? 4. Is Max's argument valid? Yes, creditors must exhaust a partnership's assets before seeking recover against a partner personally