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Suppose a Customer Deposits $1,000 Cash into Her Chequing Account

Question 39

Multiple Choice

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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