The Major Assets and Liabilities of a Bank Are

question 146

Multiple Choice

The major assets and liabilities of a bank are:

• A) checkable deposits and total reserves, respectively.
• B) checkable deposits and gold, respectively.
• C) total reserves and checkable deposits, respectively.
• D) total reserves and excess reserves, respectively.
• E) checkable deposits and excess reserves, respectively.

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Definitions:

Budget Cuts

The reduction in the amount of funding allocated, often necessitating prioritization and financial planning adjustments.

Ask For Clarification

The act of requesting additional information or explanation to ensure understanding.

Precise

Describes the attribute of being exact and accurate in expression or detail.

Jargon

Language used by a particular group, profession, or culture that may not be understood or used by other people.