When a Check for $10,000 Is Initially Presented to the Fed

question 38

Multiple Choice

When a check for $10,000 is initially presented to the Fed for clearing, the initial impact on the Fed's balance sheet is that

• A)cash items in the process of collection falls by $10,000 and deferred availability cash items rises by $10,000.
• B)cash items in the process of collection and deferred availability cash items both rise by $10,000.
• C)cash items in the process of collection rises by $10,000 and deferred availability cash items falls by $10,000.
• D)cash items in the process of collection and deferred availability cash items both fall by $10,000.

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Definitions:

Psychopaths

Individuals who exhibit a long-term pattern of manipulating, exploiting, or violating the rights of others, often without any remorse.

Heightened Ability

An enhanced or increased skill set beyond the average level, often specific to a particular function or activity.

Obsessive-Compulsive Personality

A behavioral disorder marked by an ongoing obsession with being orderly, perfect, and in control, which negatively impacts their ability to be flexible, open, and efficient.

Inflexibility

The lack of adaptability or willingness to change one's opinions, behavior, or plans, often leading to difficulties in various aspects of life.