Which of the Following Is an Asset for Both a Bank

question 6

Multiple Choice

Which of the following is an asset for both a bank and a central bank?

• A)currency
• B)deposits
• C)bonds
• D)all of the above
• E) none of the above

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Definitions:

Terminate

To bring something to an end or conclude its operation.

Agency Relationship

A legal relationship in which one party, the agent, acts on behalf of another party, the principal, with the principal's consent.

Right

A legal, moral, or social entitlement to have or obtain something or to act in a certain way.

Respondeat Superior

A legal doctrine holding an employer or principal responsible for the actions of their employees or agents performed within the course of their employment or agency.