On a Bank's Balance Sheet, Which of the Following Are

question 64

Multiple Choice

On a bank's balance sheet, which of the following are liabilities?

• A)checking deposits
• B)certificates of deposit
• C)savings deposits
• D)All of the Answer s are liabilities.

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Definitions:

Invoice Price

The price listed on an invoice, representing the amount charged by the seller to the buyer for goods or services.

Settlement Date

The date on which a trade is finalized or settled, with the transfer of securities and cash between buyer and seller.

Liability Record

Documentation or entries that list the obligations or debts of a business that it must repay to others.

Exchange Rates

The rate at which one currency can be exchanged for another, affecting the value of foreign currency transactions and financial reporting.