Jeff Kaufman decides to bank with Paris First National Bank (PFN). He opens a checking account by depositing 1,000 . According to the PFN balance sheet, after this initial 1,000 checkable deposit, there are 1,000 in:
a. reserves and 1,000 in checkable deposits.
b. liabilities and 2,000 in checkable deposits.
c. checkable deposits and 0 in assets.
d. assets and 0 in liabilities.
e. reserves and 0 in liabilities.
Question 2
Countries are poor because they cannot afford to save and invest is called the:
a. vicious circle of poverty. b. savings-investment trap.
c. LDC trap. d. cycle of insufficient credit.
Female nursing cub, Amboseli National Park, Kenya
Specimen in the Doñana National Park
Chimpanzees in the Gombe National Park, Tanzania groom each other by holding an overhead branch with