If We Both Have Chequing Accounts in the Same Chartered

question 128

Multiple Choice

If we both have chequing accounts in the same chartered bank and I write a cheque in your name for $200, the bank's:

• A)balance sheet will be unchanged.
• B)cash reserves and demand deposits will both decline by $200.
• C)liabilities will decline by $200, but its net worth will increase by $200.
• D)assets and liabilities will both decline by $200.

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Resale

The act of selling a product or service again, often used goods, to a new owner or customer.

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A concept that refers to the strategy of selling a large number of unique items with relatively small quantities compared to selling a small number of popular items in large volumes.