Which of the Following Are Not Assets on the Bank's

question 96

Multiple Choice

Which of the following are not assets on the Bank's balance sheet?

• A) Securities
• B) Advances to banks
• C) Treasury bills
• D) Bank notes in circulation

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Definitions:

Liquidates

the process of converting assets into cash or other liquid assets, often associated with closing a business or settling debts.

Fraudulent Misrepresentation

A false statement knowingly made to induce another party to enter into a contract, resulting in harm.

Coder

An individual who writes code or develops software by translating algorithms and technical specifications into computer language.

Mistake

An erroneous belief, at contracting, that certain facts are true. It can be invoked as grounds to invalidate the agreement.