If You Deposit a $50 Check in the Bank,the Immediate

question 127

Multiple Choice

If you deposit a $50 check in the bank,the immediate impact on your bank's balance sheet will be a

• A) $50 increase in reserves and a $50 increase in checkable deposits.
• B) $50 decrease in reserves and a $50 increase in checkable deposits.
• C) $50 increase in reserves and a $50 decrease in checkable deposits.
• D) $50 decrease in liabilities and a $50 increase in checkable deposits.

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Definitions:

Talcott Parsons

An influential American sociologist known for his development of a general theory for the study of society, which he called structural functionalism.

Protestant Ethic

A concept associating Protestantism with the virtues of hard work, thrift, and efficiency in one’s worldly calling, suggested by Max Weber to have contributed to the economic success of Western societies.

Class Consciousness

The awareness of one's social class and its implications, often leading to collective action or social change.

False Consciousness

A concept in Marxist theory referring to the misperception of one's actual social or economic position within society.