Which of the Following Would not Be Subtracted from the Balance

question 184

Multiple Choice

Which of the following would not be subtracted from the balance per books on a bank reconciliation?

• A)Outstanding checks.
• B)NSF checks.
• C)Check printing charge.
• D)Service charges.

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Definitions:

Duration Concept

A measure of the sensitivity of a bond's price to changes in interest rates, gauging how much a bond's price will change for a given fluctuation in rates.

Price Volatility

The degree of variation in the price of a financial instrument, commodity, or market index over time, often measured by the standard deviation of returns.

Convexity

This is a measure of the curvature or the degree of the curve in the relationship between bond prices and bond yields, indicating how the duration of a bond changes as the interest rate changes.

Bond Price

The amount of money an investor pays to purchase a bond and can fluctuate based on interest rates, credit quality, and other factors.