Those Things That Are Owed to a Bank Are Considered

question 71

Multiple Choice

Those things that are owed to a bank are considered part of the bank's ___________.

• A)liabilities
• B)assets
• C)net worth
• D)excess reserves

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Definitions:

Liabilities

Financial obligations or debts that a company or individual owes to others.

Kilowatt-Hour

A unit of energy equivalent to one kilowatt of power expended for one hour of time, commonly used to measure electricity consumption.

Watts

The SI unit of power, indicative of the rate at which energy is transferred or converted.

Cell Phone Plan

A contract offered by telecom companies that includes a combination of voice, message, and data services for mobile phones.