When a Cheque Is Drawn and Cleared, the

question 193

Multiple Choice

When a cheque is drawn and cleared, the

• A)reserves and deposits of both the bank against which the cheque is cleared and the bank receiving the cheque are unchanged by this transaction.
• B)bank against which the cheque is cleared loses cash reserves and deposits equal to the amount of the cheque.
• C)bank receiving the cheque loses reserves and deposits equal to the amount of the cheque.
• D)bank against which the cheque is cleared acquires reserves and deposits equal to the amount of the cheque.

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Definitions:

Self-awareness

The recognition of one's own emotions, thoughts, and values, and understanding how they influence behavior.

Singular First-person Pronouns

Pronouns referring to the speaker themselves, such as "I" and "me."

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Prime

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