Multiple Choice
When a $10 check written on the First National Bank of Chicago is deposited in an account at Citibank,then
A) the liabilities of the First National Bank increase by $10.
B) the reserves of the First National Bank increase by $ 10.
C) the liabilities of Citibank increase by $10.
D) the assets of Citibank fall by $10.
Correct Answer:
Verified
Correct Answer:
Verified
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