Which of the Following Would Be Considered an Asset on a Bank's

question 22

Multiple Choice

Which of the following would be considered an asset on a bank's balance sheet?

• A)A consumer loan
• B)Demand deposits
• C)Loans from other banks
• D)Savings accounts

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Definitions:

Economic Significance

The importance of an entity or event in terms of its impact on the economy, relating to wealth, resources, and the production of goods and services.

Technological Advance

Progress in the development and application of scientific knowledge to practical tasks in industries such as computing, engineering, and biotechnology.

Scientists

Scientists are individuals who conduct scientific research to advance knowledge in an area of interest, typically using systematic methods to study the natural world and its phenomena.

ARPAnet

The Advanced Research Projects Agency Network, considered the precursor to the modern Internet, developed in the late 1960s to enable researchers to share computer resources.