Marquis decides to bank with First National Bank (FNB) . He opens a checking account by depositing $1,000. According to the FNB balance sheet, after this initial $1,000 checkable deposit, there are $1,000 in
A) reserves and $1,000 in checkable deposits.
B) liabilities and $2,000 in checkable deposits.
C) checkable deposits and $0 in assets.
D) assets and $0 in liabilities.
E) reserves and $0 in liabilities.
Correct Answer:
Verified
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