Unit Banks Are

question 62

Multiple Choice

Unit banks are:

• A) banks with no branches.
• B) more numerous in the United States than they were in previous decades.
• C) no longer permitted to exist in the United States.
• D) commercial banks that have combined into one unit with an investment bank.

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Definitions:

Owner's Equity

Owner's Equity refers to the owner's rights to the assets of the company after all liabilities have been deducted. It is also known as shareholders' equity or stockholders' equity.

Investments

Investments refer to assets or items acquired with the intention of generating income or appreciating in the future.

Trial Balance Totals

The cumulative sum of all debits and credits in a trial balance, which should equal to ensure the ledger is balanced.

Normal Balances

The side (debit or credit) of an account that is expected to have a positive balance.