Question: When a $ 1 0 check written on the First National Bank is deposited in an account at the Second National Bank, then Question 3
When a $ check written on the First National Bank is deposited in an account at the Second National Bank, then
Question options:
A
the liabilities of the First National Bank decrease by $
B
the liabilities of the Second National Bank increase by $
C
the reserves of the First National Bank increase by $
D
all of the above occur.
E
only A and B of the above occur.
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