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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Financial literacy is critical because it equips us with the knowledge and skills we need to manage money effectively. ... Financial literacy is the ability to make informed judgements and effective decisions regarding the use and management of money.
Answer: Congress claimed the following powers: to make war and peace; conduct foreign affairs; request men and money from the states; coin and borrow money; regulate Indian affairs; and settle disputes among the states.
Due to the intolerable acts, the continental congress was formed in order to see how the colonies would deal with these acts and prevent them from infringing upon the rights of the colonists. In short, the result was the beginning of the American Liberation war and the writing of the Declaration of Independence which eventually led to the United States becoming a free country.
