choose if loans or checking acount and if true or false Your uncle repays a $150

Question

choose if loans or checking acount and if true or false

Your uncle repays a $150 loan from Tenth National Bank (TNB) by writing a $150 check from his TNB checking account. Assume these funds are the only loans and deposits available for your uncle and the bank. Complete the following T-accounts for your uncle and TNB before your uncle repays the loan Your Uncle Assets Liabilities Tenth National Bank Assets Liabilities Complete the following T-accounts for your uncle and TNB after your uncle repays the loan Your Uncle Assets Liabilities Tenth National Bank Assets Liabilities True or False: Your uncle's wealth has not changed True O False

Explanation / Answer

It is false that Uncle's wealth has not changed because after repaying the loan uncle's welath will decline by $150

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