If we both have checking accounts in the same commercial bank and I write a check in your favor for $200, the bank's

Name: If we both have checking accounts in the same commercial bank and I write a check in your favor for $200, the bank's
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When you write a check to someone within the same bank, the bank simply transfers funds from one account to another. The total balances of assets and liabilities for the bank remain unchanged, as the money is still within the bank, just in a different account.

If We Both Have Checking Accounts in the Same Commercial