You receive your monthly paycheck from your employer, who maintains its corporate account at Wells Fargo...
You receive your monthly paycheck from your employer, who maintains its corporate account at Wells Fargo Bank in San Diego, California. You deposit the check into your account in Tallahassee with Capital City Bank. Wells Fargo Bank will ______________reserves and Capital City Bank will __________ reserves.
a.gain;lose
b.lose;gain
c.gain;gain
d.lose;lose
Homework Answers
Answer
Option b
lose; gain
the employer bank needs to pay money to Capital city bank so Wells Fargo Bank loses reserves as it pays to Capital City Bank and Capital City Bank gain reserves as its deposits increased.
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