An Asset Category That Caries the Highest Interest Rate Is

question 450

Multiple Choice

An asset category that caries the highest interest rate is

• A) checkable deposit accounts.
• B) loans.
• C) cash in the bank vault.
• D) savings deposits.

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Definitions:

Current Period

Refers to the present accounting period under consideration, usually a fiscal quarter or year.

Defined Contribution Fund

A retirement plan in which the employer, employee, or both make contributions on a regular basis, but future benefits are based on the fund's investment performance.

Unpaid Contributions

Amounts due from members or shareholders for their share in the capital of the company which have not yet been paid.

Entity

Refers to an organization, institution, or being that possesses a separate existence for tax, legal, and accounting purposes.