When a Check Is Cleared Against Bank a After Being

question 96

Multiple Choice

When a check is cleared against Bank A after being deposited at Bank B,

• A)both Bank A's and Bank B's liabilities increase
• B)both Bank A's and Bank B's liabilities decrease
• C)Bank A's liabilities increase and Bank B's liabilities decrease
• D)Bank A's liabilities decrease and Bank B's liabilities increase
• E)there is no change in either bank's liabilities

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Definitions:

Place

In marketing, refers to the distribution aspect and how and where products are made available to consumers.

Outlets

Retail stores that sell goods directly from manufacturers at discounted prices, often merchandise that is overstocked or discontinued.

Transportation

The movement of goods or people from one location to another through various modes including road, rail, air, and sea.

Product

An item or service that is created, offered, and maintained to fulfill the needs, wants, or desires of consumers.