Which of the Following Statements Is FALSE

question 22

Multiple Choice

Which of the following statements is FALSE?

• A)A bank's assets are its uses of funds.
• B)A bank issues liabilities to acquire funds.
• C)The bank's assets provide the bank with income.
• D)Bank capital is recorded as an asset on the bank balance sheet.

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Definitions:

Egocentrism

In developmental psychology, a cognitive characteristic where an individual is unable to differentiate between their own perspective and that of another person, often seen in young children.

Accommodation

The cognitive process of revising existing cognitive schemas, perceptions, and understanding to integrate new information.

Conservation

Conservation is the act of preserving, protecting, or restoring natural environments, historical artifacts, and other significant items from damage or destruction.

Social Development

The process by which individuals learn and adopt the values, norms, and behaviors that are considered appropriate in their society, facilitating integration and interaction within their community.