When a Customer Deposits $1,000 in a Bank, the Deposit

question 69

Multiple Choice

When a customer deposits $1,000 in a bank, the deposit is _____

• A) an asset of the Federal Reserve.
• B) included in M1 if it is currently in the bank's vault.
• C) a liability to the customer.
• D) an asset to the bank if it is currently in the bank's vault.
• E) a liability for the bank, as the bank owes it to the customer.

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Definitions:

Training and Development

Programs and initiatives focused on improving the skills, knowledge, and capabilities of employees through education and practical experiences.

Organizations

Groups structured and managed to meet a need or to pursue collective goals on a continuing basis.

Six Sigma

A data-driven approach and methodology for eliminating defects in any process, from manufacturing to transactional and from product to service.

Corporate Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business organization.