Sam draws a $100 check on his account at Bank A which is thendeposited in Bank B. When this check is

 
   

Need your ASSIGNMENT done? Use our paper writing service to score better and meet your deadlines.  

Sam draws a $100 check on his account at Bank A which is thendeposited in Bank B. When this check is cleared:
A)neither Bank A’s nor Bank B’s deposits or reserves areaffected
B)Bank A gains reserves equal to $100 and Bank B gains depositsequal to $100
C)Bank A loses reserves and deposits equal to $100
D)Bank B loses reserves and deposits equal to $100 QUESTION TITLE :- neither Bank A’s nor Bank B’s deposits or reserves are affected