Suppose a bank lends you $1,000 to purchase a car. Which of the following correctly represents the changes in the bank's balance sheet before you spend the money?
a. Assets: loans, +$1,000 . Liabilities and net worth: checking deposits, +$1,000
b. Assets: loans, -$1,000 . checking deposits, +$1,000 . Liabilities and net worth: no change
c. Assets: loans, +$1,000 . checking deposits, -$1,000 . Liabilities and net worth: no change
d. Assets: checking deposits, +$1,000 . Liabilities and net worth: loans, +$1,000
e. Assets: checking deposits, +$1,000 . Liabilities and net worth: loans, -$1,000
a
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Jill runs a factory that makes lie detectors in Little Rock, Arkansas. This month, Jill's 34 workers produced 680 machines. Jill's average product of labor equaled ________ lie detectors per worker
A) 680 B) 34 C) 23 D) 20 E) None of the above answers is correct.
As the number of years of schooling completed increases, the expected private return and private cost of education
(a) increase at roughly the same rate. (b) increase at different rates with expected private return increasing at a slower rate than private cost. (c) increase at different rates with expected private return increasing at a faster rate than private cost. (d) do not increase.