Which of the Following Statements Are True

question 145

Multiple Choice

Which of the following statements are true?

• A) A bank's assets are its sources of funds.
• B) A bank's liabilities are its uses of funds.
• C) A bank's balance sheet shows that total assets equal total liabilities plus equity capital.
• D) A bank's balance sheet indicates whether or not the bank is profitable.

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Definitions:

Production Resource

Resources used in the creation of goods and services; these include land, labor, capital, and entrepreneurship.

Market Price

The present cost for purchasing or selling a product or service in a market setting.

Influence

Influence is the capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.

Perfectly Competitive Market

A perfectly competitive market is one in which there are many buyers and sellers, all of whom have complete market information, and where the goods being traded are identical, leading to one market price.