A Category of Assets for Banks Is Cash Items in the Process

question 46

Multiple Choice

A category of assets for banks is cash items in the process of collection. This is:

• A) uncollected funds the bank is due to receive from the clearing of checks.
• B) currency the bank is due from the Treasury.
• C) late fees the bank is owed from loan payments that were not made on time.
• D) payments from the FDIC insurance fund due the bank.

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Definitions:

Treatment Of Last Resort

A therapy or intervention considered only after all other options have failed to produce satisfactory results.

Largest Organ

The skin, which covers the exterior of the body, protecting it from external harm and playing a vital role in regulating temperature.

Skin

The body’s largest organ, serving as the protective outer layer that covers and safeguards against environmental hazards, pathogens, and injury.

Aspirin-Type Analgesic

A class of medication used to reduce pain, fever, inflammation, and, in some doses, to prevent blood clots, mainly characterized by the presence of acetylsalicylic acid.