From an Accounting Point of View, a Checking Account Should

question 159

Multiple Choice

From an accounting point of view, a checking account should be considered part of a bank's

• A) assets.
• B) liabilities.
• C) profits.
• D) reserves.

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Definitions:

Trends

The general direction in which something is developing or changing, often used in the context of financial markets to describe price movements.

Patterns

In finance, patterns refer to recognizable formations on the charts of financial instruments that traders use to predict future movements.

Moving Average

A technical analysis indicator that averages a security's prices over a specified period to smooth out price data.

Current Price

The latest trading price of a security, commodity, or currency.