If We Both Have Chequing Accounts in the Same Chartered

question 128

Multiple Choice

If we both have chequing accounts in the same chartered bank and I write a cheque in your name for $200, the bank's:

• A)balance sheet will be unchanged.
• B)cash reserves and demand deposits will both decline by $200.
• C)liabilities will decline by $200, but its net worth will increase by $200.
• D)assets and liabilities will both decline by $200.

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Definitions:

Aristotle

An ancient Greek philosopher and polymath whose writings cover many subjects, including physics, biology, ethics, politics, and logic.

Virtue-Based

Pertains to ethical frameworks that emphasize character and virtues in moral evaluation or decision making.

Leader's Character

Leader's Character refers to the moral and ethical qualities and traits of an individual in a leadership position, influencing their decision-making and relationships with followers.

Duty Driven

Motivated by a sense of obligation or responsibility towards certain tasks or principles, regardless of personal gain.