When a Customer Deposits $100 into a Checking Account, the Effect

question 159

Multiple Choice

When a customer deposits $100 into a checking account, the effect is to

• A)increase the bank's liabilities.
• B)decrease the bank's liabilities.
• C)increase the bank's assets.
• D)decrease the bank's assets.
• E)increase both the bank's liabilities and its assets.

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Definitions:

Automatic Skills

Skills that are performed with little conscious thought, often developed through repeated practice and learning.

Two-Track Mind

The concept of the mind simultaneously processing information on two different levels; conscious and unconscious.

Implicit Memory

Memory that influences thoughts and behaviors without conscious awareness, such as skills or habits.

Explicit Memory

A type of long-term memory involving the conscious recollection of factual information, previous experiences, and concepts.