In 2002, the Change in Unrestricted Net Assets Is

question 2

Multiple Choice

In 2002, the change in unrestricted net assets is

• A)$0
• B)$100,000 increase.
• C)$100,000 decrease.
• D)$500,000 increase.

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Definitions:

Deposits

Funds placed into an account at a financial institution for safekeeping, which can include savings accounts, checking accounts, and certificates of deposit.

Excess Reserves

Banking reserves that are held by a bank in excess of what is required by regulations or central bank requirements.

Required Reserves

The minimum amount of reserves a bank is mandated to hold by central banking authorities, often a percentage of the bank's deposit liabilities.

Treasury Bill

A short-term government security issued at a discount from the face value and returning the face amount upon maturity, commonly used as a safe and liquid investment.