Suppose That a New Customer Opens a Checking Account and a Saving

question 193

Multiple Choice

Suppose that a new customer opens a checking account and a saving account, placing $50,000 in each. Later, the bank makes a loan of $100,000 to a business firm. For this bank

• A)assets increased by $50,000 because the saving account is an asset, while liabilities increased by $50,000 because the checking account is a liability.
• B)assets increased by $100,000 because the checking and saving accounts are assets, and liabilities increased by $100,000 because the loan is a liability.
• C)assets increased by $100,000 because the loan is an asset, and liabilities increased by $100,000 because the checking and saving accounts are liabilities.
• D)assets remained unchanged but liabilities increased by $100,000 because of the loan.

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Definitions:

New Manager

An individual recently assigned to lead and oversee a team or project within an organization.

Leaner Media

Media formats or channels that aim for efficiency and effectiveness in communication with minimal excess.

Routine Messages

Communications that convey information related to everyday business operations and activities.

Voice Recognition

A technology that identifies and processes human voice input to understand and execute commands or transcribe spoken words into text.