When You Deposit $50 in Your Account at First National

question 65

Multiple Choice

When you deposit $50 in your account at First National Bank and a $100 check you have written on this account is cashed at Chemical Bank,then

• A)the assets of First National rise by $50.
• B)the assets of Chemical Bank rise by $50.
• C)the reserves at First National fall by $50.
• D)the liabilities at Chemical Bank rise by $50.

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Definitions:

Hereditary Component

The portion of an individual's traits or characteristics attributed to genetic inheritance from their biological parents.

Physiological Needs

Fundamental human requirements for sustaining life, including air, water, food, shelter, and sleep, critical for survival.

Safety Needs

As identified by Maslow, these are the second level of human needs in his hierarchy, including personal and financial security, health, and well-being, and protection against accidents or harm.

Humanistic Approach

A psychological perspective emphasizing the study of the whole person and their uniqueness, focusing on their potential for personal growth.