When a Person Deposits Money in a Bank, It Is

question 154

Multiple Choice

When a person deposits money in a bank, it is:

• A)only an asset for the bank.
• B)only a liability for the bank.
• C)a liability and an asset for the bank.
• D)most likely to result in a decrease in the money supply.

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Definitions:

Works Councils

Employee representative bodies within a company, primarily in European countries, that participate in discussing and negotiating workplace matters.

Job Rotation

A workplace strategy involving regularly moving employees between different jobs or tasks to diversify their skills and prevent job boredom.

Seniority Based Pay

A compensation system where employees' wages are determined by the length of service in a company or organization.

Enterprise Unionism

A form of unionism in which workers organize into unions on a per-company basis, rather than by trade or industry.