When a $10 Check Written on the First National Bank

question 138

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

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