Which of the Following Is a Bank Liability

question 48

Multiple Choice

Which of the following is a bank liability?

• A) reserves
• B) consumer loans
• C) nontransaction deposits
• D) securities

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Definitions:

Production Department

A segment of a business that is responsible for the manufacture of goods.

Factory Overhead

All manufacturing costs that are not directly attributable to the product being manufactured, including indirect labor and materials.

Work in Process

Inventory items that are in the production process but have not yet been completed or fully manufactured.

Materials Purchased

The raw inputs or components bought by a company for use in the production of its goods.