1. Which of the following activities will affect a bank’s required reserves? A. The local Girl Scout troop collects coins and currency to buy a new camping stove. The troop deposits $250 in coins and open a small time deposit. B. You decide to move $200 from your MMDA to your NOW account. C. You sell your car to the teller at your bank for $3,000. The teller pays with a check drawn on the bank, and you deposit the check immediately into your checking account at the bank. D. The local university takes 50 percent of the fall tuition receipts and buys a three-month CD. E. Ford Motor Company opens an assembly plant outside town and opens a checking account at the local bank for $100,000 with a check drawn on its bank in Detroit.
1. Which of the following activities will affect a bank’s
A. The local Girl Scout troop collects coins and currency to buy a new camping stove. The troop deposits $250 in coins and open a small time deposit.
B. You decide to move $200 from your MMDA to your NOW account.
C. You sell your car to the teller at your bank for $3,000. The teller pays with a check drawn on the bank,
and you deposit the check immediately into your checking account at the bank.
D. The local university takes 50 percent of the fall tuition receipts and buys a three-month CD.
E. Ford Motor Company opens an assembly plant outside town and opens a checking account at the
local bank for $100,000 with a check drawn on its bank in Detroit.
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