A Bank's Net Worth Is Synonymous with Its

question 83

Multiple Choice

A bank's net worth is synonymous with its:

• A)assets.
• B)assets + a bank's liabilities.
• C)capital.
• D)required reserves.

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Definitions:

Certification

Of a cheque, an understanding by a bank to pay the amount of a cheque on presentation.

Endorsement

The act of signing one's name on the back of a check or other negotiable instrument or the addition of a provision to an insurance policy, altering its coverage.

Negotiable Instrument

A document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer and payee usually named.

Proper Use

The appropriate, intended, or correct manner of utilizing something according to guidelines, laws, or specifications.