If you value personal freedom and you believe that the rights of the individual are more important than the interests of the State, then you will conclude that capitalism is fairer. Freedom and the right to self-determination enable each of us to go as far as our talents and efforts will take us.
The most likely impact on John's account is that <em>a. John's </em><em>Savings account </em><em>balance </em><em>declined by $50</em><em> and his</em><em> Checking account</em><em> balance i</em><em>ncreased by $50.</em>
The description of the transfer says, " From Savings," which means that the transfer was done from John's saving account. This would therefore <u>reduce his savings account. </u>
As the only other account mentioned is the Checking account, the money must have gone to the Checking account which means that the Checking account will increase.
The <u>other options are wrong</u> because:
- <em>If the transfer came from the Savings, the Savings account would not increase</em>
- <em>The Savings account cannot have "no change" because money was taken from it </em>
In conclusion, the transfer was from John's Savings account so the Savings must have decreased and the Checking Account increased.
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