Which One of the Following Statements Is True

question 97

Multiple Choice

Which one of the following statements is true?

• A) Demand deposits are assets of a bank.
• B) A bank's assets plus its liabilities equals must equal zero.
• C) A bank's reserves can only be kept as cash in its vault.
• D) Assets generate income for a bank.

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Definitions:

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A recognized standard certification verifying that an organization meets the international standards set by the International Standards Organization.

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Norms and benchmarks set by international bodies that define the criteria for products, services, and systems to ensure reliability, safety, and efficiency.

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The present level of achievement or output in a particular area or activity.