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.
Correct Answer:
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