If a bank receives a deposit of $3,000 and loans out $2,000 . what changes will occur on the bank's balance sheet (after all checks involved with the loan are cleared)?
a. Reserves decrease by $3,000 . total assets decrease by $1,000 . and total liabilities increase by $3,000.
b. Reserves increase by $1,000 . total assets increase by $2,000 . and total liabilities increase by $3,000.
c. Reserves increase by $3,000 . total assets by increase $3,000 . and total liabilities increase by $3,000.
d. Reserves increase by $3,000 . total assets by increase $2,000 . and total liabilities decrease by $3,000.
e. Reserves increase by $1,000 . total assets increase by $3,000 . and total liabilities increase by $3,000.
E
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The merger of two daily New York City newspapers would be an example of a
A) conglomerate merger. B) diagonal merger. C) horizontal merger. D) vertical merger.
Which of the following is TRUE?
I. Checks are considered money because they can be used as a medium of exchange. II. Checks represent a transfer of money. A) I only B) II only C) both I and II D) neither I nor II