Suppose Maria makes a RM50 thousand loan from Maxima's bank. What type of adjustments to take place

Fantastic news! We've Found the answer you've been seeking!

Question:

Suppose Maria makes a RM50 thousand loan from Maxima's bank. What type of adjustments to take place to the Maxima Bank’s balance sheet?

A. Asset: Reserve(-RM50,000); Liability: Checkable Deposits (+RM50,000)

B. Asset: Reserve (+RM50,000); Liability: Checkable Deposits (-RM50,000)

C. Asset: Loan (+RM50,000); Liability: Checkable Deposits (+RM50,000)

D. Asset: Loan (-RM50,000); Liability: Checkable deposits (-RM50,000)

Related Book For answer-question

Money Banking and Financial Markets

ISBN: 978-1429244091

2nd edition

Authors: Laurence M. Ball

See More Books

Posted Date: Mar 01, 2022 06:30 AM

See More Questions

What type of adjustments must advertising agencies make as more companies want "one sight, one sound, one sell" campaigns? Use examples
Suppose that the reserve requirement for checking deposits is 10 percent and that banks do not hold any excess reserves. a. If the Fed sells $1 million of government bonds, what is the effect on the...
A U.S. savings bank has a daily average reserve balance at the Federal Reserve bank in its district of $25 million during the latest reserve maintenance period. Its vault cash holdings averaged $1...
A 300-cm-long piece of straight wire is aligned vertically along the z-axis. The wire carries a downward current of 6.00 A. There is a 2.00-T magnetic field in the negative x-direction surrounding...
A charitable organization solicits donations by telephone. Employees are paid $60 plus 20% of the money their calls generate each week. The amount of money generated in a week can be viewed as a...
If a bank were to adopt the standard approach, as provided by the Basel Committee, the project finance solution would be economically convenient: a) In every case. b) Only for rating categories below...
Verify by direct substitution that the functions $r^{n} \cos (n \theta)$ etc. shown in the text satisfy the Laplace equation in polar coordinates. Calculate the streamfunction for the...
The following information is available for Stamos Corporation for the year ended December 31, 2017. Beginning cash balance .............................................. $ 45,000 Accounts payable...
Let A = 0 -1 -2 -1 [0 2 -4 -2 Find a basis of nullspace(A).
During the year, your clients Omar and Maria Mansour had the following investment transactions: Interest and dividend income reported to them: 1099-INT from Chase Bank Interest income (1099-INT from...
Consider data covering the Great Recession of 2008-2009 presented in the accompanying graph. ALFRED. Il Millions of Dollars 2,800,000 2,600,000 2,400,000 2,200,000 2,000,000 1,800,000 1,600,000...
Contributions to a ______ are not tax deductible. A) traditional retirement plans B) Roth retirement plans C) 401K D) 403b plan
Explain the differences between a long forward position and a short forward position. In your answer, illustrate the pay-off functions of these positions with graphs. Fully label your graphs. (note:...
Research the company Starlim in London, Ontario and summarize in a couple of paragraphs what you found out. You can examine their website, press releases, annual reports etc. You should use at least...
How can the Integrative Framework (OLI) assist managers to identify the issues that need to be considered in the decision-making process? In your answer focus on one of the elements of the Model...
Give a short talk about a global issue that concerns you at the moment. The issue could be climate change/pollution/nuclear threat/World War 3 threat/food insecurity, etc. explain the reasons why you...
Select the choice that gives the correct form of the pronoun in the sentence. (whoever/whomever) stole her yard sign should bring it back immediately. Joyner said O whoever O whomever
Let (X. A. p) be a measure space. Show that for any A,B A, we have the equality: (AUB)+(An B) = (A) + (B).
Suppose the economy starts with output at potential and constant inflation. In 2020, oil prices jump up. Initially, the Fed is accommodative. In 2023, a new Fed chair is appointed and resolves to...
Suppose an owner of a corporation needs $1 million to finance a new investment. If his total wealth is $1.2 million, would it be better to use his own funds for the investment or to issue stock in...
In the late 1990s, some economists advised Argentina to dollarize, that is, to eliminate the peso and use the U.S. dollar as its currency. Discuss how dollarization might have changed the course of...
The details in Figure 16.9 relate to D Co. Using that information and appropriate ratios, prepare a financial report on the company. The opening inventory value figures were :135,000 20X1 actual and...
The process of expressing a foreign subsidiarys balance sheet in its parents currency is called: A. Currency translation. B. Currency change. C. Currency conversion. D. Currency swap.
A loan is made to a company of $20,000, which is equal to :10,000 at the date of the loan during year 1. The loan is legally denominated in dollars. At the end of year 1, the loan is translated as...

Suppose Maria makes a RM50 thousand loan from Maxima's bank. What type of adjustments to take place

Question:

Expert Answer:

The Balance sheet refers to the financial statement of an entity which discloses all the assets liab... View the full answer

Money Banking and Financial Markets

Students also viewed these accounting questions