Which of the Following Would NOT Be an Asset for a Commercial

question 84

Multiple Choice

Which of the following would NOT be an asset for a commercial bank?

• A) loans
• B) cash in the vault
• C) money it borrows from other banks
• D) deposits at the Federal Reserve
• E) U.S.Treasury securities

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Definitions:

Withholding Allowance

Withholding allowance refers to an exemption that reduces how much income tax an employer deducts from an employee's paycheck.

Taxable Income

The portion of an individual's or entity's income used to determine tax liability.

OASDI

Old-Age, Survivors, and Disability Insurance, a comprehensive federal benefits program that provides retirement, disability, and survivor benefits.

Hospital Insurance

A type of insurance coverage that specifically covers the costs of hospital stays and associated medical services.