Brian has P100,000 in his savings account. The bank loaned P40,000 from Brian's savings to Charles, and credited this to Charles' checking account. Charles issued a P20,000 check to his friend. How much cash are we talking about? How much cash are available to Brian, the bank, Charles and his friend? What did you observe from the case?

Answer rating: 100% (QA)

Cash before loan and check issuance P100000 Cash loaned to Charles P40... View the full answer