Summarizes the net effect of the listed bank transactions

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Which of the following correctly summarizes the net effect of the listed bank transactions?

Transactions

- Customers withdraw $1000 from checking accounts

- Customers deposit $500 in savings accounts

- Customers buy $750 worth of certificates of deposit

a) Assets increase by $250

b) Liabilities increase by $250

c) Reserves increase by $250

d) Both

d) None

Reference no: EM131244574

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