When a $10 Check Written on the First National Bank

question 4

Multiple Choice

When a $10 check written on the First National Bank is deposited in an account at the Second National Bank,then

• A) the liabilities of the First National Bank decrease by $10.
• B) the reserves of the First National Bank increase by $10.
• C) the liabilities of the Second National Bank decrease by $10.
• D) the assets of Second National Bank decrease by $10.

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