If a customer deposits $300 cash in a checking account, the bank's:
a) liabilities increase by $300.
b) assets decrease by $300.
c) liabilities decrease by $300.
d) liabilities stay the same.
Ans: a) liabilities increase by $300.
Economics
You might also like to view...
List two ways the labor force experience is different between workers in Europe and in the United States. How do these differences influence productivity?
What will be an ideal response?
Economics
A firm is using a single variable input, labor, with a given amount of a fixed input, capital. If the level of capital is decreased,
A. the average product curve of labor curve shifts downward. B. the total product curve of labor curve shifts downward. C. the marginal product curve of labor shifts downward. D. all of the above E. none of the above
Economics