When a $10 Check Written on the First National Bank

question 135

Multiple Choice

When a $10 check written on the First National Bank of Chicago is deposited in an account at Citibank,then

• A)the liabilities of the First National Bank decrease by $10.
• B)the reserves of the First National Bank increase by $10.
• C)the liabilities of Citibank decrease by $10.
• D)the assets of Citibank decrease by $10.

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Definitions:

Existential Import

Pertains to the implication that some assertions within categorical logic assert the existence of at least one instance of something.

Opposition

Resistance or dissent, expressed in action or argument.

Opposition

Opposition refers to a relationship or position of conflict, contrast, or resistance between two or more entities or ideas.

E Proposition

In traditional logic, a universal negative statement expressing that no members of one category are members of a specific second category.