Question: Why is answer (C) correct? 11) When you deposit $50 in your account at First National Bank and a $100 check you have written on

Why is answer (C) correct? Why is answer (C) correct? 11) When you deposit $50 in your

11) When you deposit $50 in your account at First National Bank and a $100 check you have written on this account is cashed at Chemical Bank, then A) the assets of First National rise by $50. B) the assets of Chemical Bank rise by $50. C) the reserves at First National fall by $50. D) the liabilities at Chemical Bank rise by $50. Answer: C

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