Table 10-1
-Refer to the Table 10-1.If $1000 is deposited into the First Bank of Dawson City,what will happen?
A) Reserves will decrease by $800.
B) Liabilities will decrease by $1000.
C) Assets will increase by $1000.
D) Reserves will increase by $800.

Question

Table 10-1 
-Refer to the Table 10-1.If $1000 is deposited into the First Bank of Dawson City,what will happen?
A) Reserves will decrease by $800. 
B) Liabilities will decrease by $1000. 
C) Assets will increase by $1000. 
D) Reserves will increase by $800.

Quizplus · Accepted Answer

According to the table, the deposit of $1000 will increase the bank's assets by $1000, as it is added to the bank's reserves. None of the other options accurately reflect the impact of the deposit.

Table 10-1 -Refer to the Table 10-1.If $1000 Is Deposited into the Deposited