Multiple Choice
Suppose Gloria borrows $1,000 to purchase a car.Which of the following represents the changes in Gloria's personal balance sheet after the bank lends her the money but before she spends it?
A) Assets: loan -$1,000, chequing deposit +$1,000. Liabilities and net worth: no change.
B) Assets: loan +$1,000, chequing deposit -$1,000. Liabilities and net worth: no change.
C) Assets: chequing deposit +$1,000. Liabilities and net worth: loan +$1,000.
D) Assets: chequing deposit +$1,000. Liabilities and net worth: loan -$1,000.
Correct Answer:
Verified
Correct Answer:
Verified
Q51: Suppose a chartered bank has $6,000 in
Q52: Tony deposits $2,000 in cash at the
Q53: Exhibit 13-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4905/.jpg" alt="Exhibit 13-2
Q54: Which of the following is NOT money?
Q55: Suppose r is the desired reserve ratio.Which
Q57: Which of the following is a strategy
Q58: What do open market operations involve? <br>A) opening
Q59: The Bank of Canada performs all of
Q60: Suppose the desired reserve ratio is 20
Q61: What phrase can sum up the practice