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Exhibit 15-3 -Refer to Exhibit 15-3. What Kind of Transaction Just Took

Question 171

Multiple Choice

Exhibit 15-3
Exhibit 15-3 -Refer to Exhibit 15-3. What kind of transaction just took place at Leftbank? A) The bank received a shipment of cash from the Fed. B) A customer deposited $10,000 cash in his account. C) The bank sold a security to the Fed. D) The Fed sold a security to the bank. E) The bank borrowed $10,000 from the Fed.
-Refer to Exhibit 15-3. What kind of transaction just took place at Leftbank?

A) The bank received a shipment of cash from the Fed.
B) A customer deposited $10,000 cash in his account.
C) The bank sold a security to the Fed.
D) The Fed sold a security to the bank.
E) The bank borrowed $10,000 from the Fed.

Correct Answer: