Which of the Following Is an Example of a Bank's

question 49

Multiple Choice

Which of the following is an example of a bank's assets?

• A) reserves borrowed from the Fed
• B) checkable deposits
• C) vault cash
• D) savings deposits

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Definitions:

Illusory Promise

A statement that appears to be a promise but does not actually bind the party to any commitment or obligation.

Redistribution of Wealth

A process or policy aimed at adjusting the distribution of wealth within a society, usually by transferring wealth from the richer to the poorer segments.

Consideration

Something of value exchanged between parties as part of a contract.

Adequacy of Consideration

A legal concept referring to the fairness of the value exchanged in a contract, ensuring each party receives something of comparable worth.