When a customer deposits $1,000 in a bank, the deposit is _____
A) an asset of the Federal Reserve.
B) included in M1 if it is currently in the bank's vault.
C) a liability to the customer.
D) an asset to the bank if it is currently in the bank's vault.
E) a liability for the bank, as the bank owes it to the customer.
Correct Answer:
Verified
Q31: When a customer deposits $100 into a
Q45: The least liquid of the assets listed
Q46: In order to meet a deficiency of
Q53: The United Bank of Glassen lent money
Q54: If a bank has $950,000 million in
Q56: If a bank has $1,000,000 in assets
Q57: If a bank has $6,000 in checkable
Q58: The immediate effect of a member bank's
Q59: Which of the following is an asset
Q60: On a bank's balance sheet, the value
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents