Which of the Following Would NOT Be an Asset for a Commercial

question 17

Multiple Choice

Which of the following would NOT be an asset for a commercial bank?

• A) loans
• B) cash in the vault
• C) borrowings
• D) deposits at the Federal Reserve
• E) U.S.Treasury securities

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Definitions:

Transfer Price

The price used for the sale or transfer of goods and services between divisions within the same company, often used for accounting and tax purposes.

Inventory Costing

The method used to value and account for inventory, including approaches such as LIFO, FIFO, and weighted average cost.

Cost of Goods Sold

Direct costs attributable to the production of goods sold by a company, including materials and labor costs.

Sales

The transactions involved in selling goods or services to customers, often tracked to measure business performance.