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.
A
Economics
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