When a Person Deposits a Check into Her Checking Account

question 61

Multiple Choice

When a person deposits a check into her checking account,

• A)she owes the bank money.
• B)the bank owes her money.
• C)no one owes anybody anything.The deposit is an asset to both the bank and the person.
• D)no one owes anybody anything.The deposit is an asset to the person,but is neither an asset nor a liability to the bank.

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