When you deposit a $50 bill in the New National Bank, ________.
A) its liabilities decrease by $50
B) its assets increase by $50
C) its reserves decrease by $50
D) its cash items in the process of collection increase by $50
Correct Answer:
Verified
Q20: Which of the following statements are true?
A)
Q21: When $1 million is deposited at a
Q22: The most important category of assets on
Q23: When Jane Brown writes a $100 cheque
Q24: A T-account represents _.
A) a simplified balance
Q26: Which of the following are bank assets?
A)
Q27: When $1 million is deposited at a
Q28: When a $10 cheque written on the
Q29: Secondary reserves are so called because _.
A)
Q30: When you deposit $50 in your account
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