QUESTION 11 uppose that a new customer opens a checking account and a saving account, placing $50,000 in each. Later, the ank makes a loan of $100,000 to a business firm. For this bank a. assets increased by $100,000 because the checking and saving accounts are assets, and liabilities increased by $100,000 because the loan is a liability. Ob.assets increased by $50,000 because the saving account is an asset, while liabilities increased by $50.000 because the checking account is a liability. Ⓒassets remained unchanged but liabilities increased by $100,000 because of the loan. Od. assets increased by $100,000 because the loan is an asset, and liabilities increased by $100,000 checking and saving accounts are liabilities. use the

QUESTION 11 uppose that a new customer opens a checking account and a saving account, placing $50,000 in each. Later, the ank makes a loan of $100,000 to a business firm. For this bank a. assets increased by $100,000 because the checking and saving accounts are assets, and liabilities increased by $100,000 because the loan is a liability. Ob.assets increased by $50,000 because the saving account is an asset, while liabilities increased by $50.000 because the checking account is a liability. Ⓒassets remained unchanged but liabilities increased by $100,000 because of the loan. Od. assets increased by $100,000 because the loan is an asset, and liabilities increased by $100,000 checking and saving accounts are liabilities. use the

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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