Use the Balance Sheet for the Following Questions

question 264

Multiple Choice

Use the balance sheet for the following questions.
Table 29-2

-Refer to Table 29-2.If $1,000 is deposited into the First Bank of Mason City,and the bank takes no other actions,it's

• A)total reserves will increase by $200.
• B)liabilities will decrease by $1,000.
• C)assets will increase by $1,000.
• D)required reserves will increase by $800.

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Definitions:

System of Equations

A set of equations with the same variables, which are solved together to find a common solution.

Method of Elimination

A technique in algebra for solving a system of equations by removing variables to find their values.

System of Equations

A set of equations with the same variables, which are to be solved simultaneously.

Method of Substitution

A technique for solving systems of equations where one of the equations is solved for one variable in terms of the others, and then substituted into the other equation(s).