Which of the Following Is NOT an Asset of Commercial

question 318

Multiple Choice

Which of the following is NOT an asset of commercial banks?

• A) consumer loans
• B) business loans
• C) savings deposits
• D) home mortgages

Acknowledge the role of marketing as an education tool.

Distinguish between interpersonal and personal determinants of consumer behavior.

Identify the elements of the marketing mix and its relevance in product offerings.

Understand the concept and applications of utility in marketing.

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Definitions:

Forbearance

Forbearance is the action of refraining from enforcing a right, obligation, or debt in a legal agreement, usually as an act of leniency by the creditor.

Sufficient Consideration

A legal concept indicating that the value exchanged in a contract is recognized as adequate, making the contract binding and enforceable.

Illusory Promise

A situation in which a party appears to commit to something but really has not committed to anything. It is not a promise and thus not consideration.

Promissory Estoppel

A legal principle that prohibits a party from withdrawing a promise made to another party if the latter has relied on that promise to their detriment.