The Local Branch of the Universal Bank System (UBS)receives Money

question 103

Multiple Choice

The local branch of the Universal Bank System (UBS) receives money from depositors and lends it to borrowers.Which of the following would be true about UBS's financial statements?

• A)UBS reports deposits as assets and loans as liabilities.
• B)UBS reports both deposits and loans as assets.
• C)UBS reports deposits as liabilities and loans as assets.
• D)UBS reports both deposits and loans as liabilities.

---

Definitions:

Cognitive Test

A psychological assessment designed to measure mental functions such as memory, reasoning, and problem-solving abilities.

Good Fit

A term used to describe how well something matches or suits a particular purpose, situation, or set of requirements.

Organization

A group of people with a particular purpose, such as a business or government department, structured to achieve collective goals.

Background Check

The process of looking up and compiling criminal records, commercial records, and financial records of an individual or an organization.