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:

Cultural Difference

Variations in practices, beliefs, and values among people from different cultural backgrounds.

National Character

The idea that people in different cultures have different personalities.

Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, and a desire to do a task well.

Freudian Theory

Freudian Theory postulates the existence of unconscious mental processes, sexual and aggressive instincts, and the defense mechanisms of the psyche.