The Two Main Categories of Profit Making Assets on a Bank's

question 24

Multiple Choice

The two main categories of profit making assets on a bank's balance sheet are

• A) loans and securities.
• B) reserves and loans.
• C) bonds and deposits
• D) borrowings and deposits

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Definitions:

New Republic

Refers to a period or state entity formed after breaking away from a previous form of government, often associated with revolutions or major political changes.

Constitutional Convention

The meeting held in 1787 in Philadelphia where the Constitution of the United States was drafted.

Rhode Island

The smallest state in the United States, known for its coastal scenery and as a haven for religious freedom during its founding.

Representative

An individual who is elected to serve and act on behalf of a larger group of people, particularly in legislative or governmental roles.