The Major Assets and Liabilities of a Bank Are

question 146

Multiple Choice

The major assets and liabilities of a bank are:

• A) checkable deposits and total reserves, respectively.
• B) checkable deposits and gold, respectively.
• C) total reserves and checkable deposits, respectively.
• D) total reserves and excess reserves, respectively.
• E) checkable deposits and excess reserves, respectively.

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including materials and labor.

Customer Profitability

An analysis to determine the financial contribution brought by a customer through their purchases minus the costs of servicing them.

Product Costs

The costs directly attributable to the creation of products, including materials, labor, and manufacturing overhead.

Distribution

The process of making a product or service available for the consumer or business user that needs it.