When a $10 check written on the First National Bank is deposited in an account at the Second National Bank,then

Name: When a $10 check written on the First National Bank is deposited in an account at the Second National Bank,then
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Question

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When a check is written on the First National Bank and deposited in the Second National Bank, the First National Bank's liabilities decrease by $10 because the amount of the check is deducted from the account holder's balance, reducing the bank's obligation to that customer.

When a $10 Check Written on the First National Bank