Which of the Following Bank Assets Would Be Categorized as Secondary

question 2

Multiple Choice

Which of the following bank assets would be categorized as secondary reserves?

• A) U.S. Treasury bills
• B) Cash
• C) Mortgage loans
• D) Deposits at the Federal Reserve

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Definitions:

Ethical Dilemma

Situation that involves making a choice when the alternatives aren’t completely wrong or completely right.

Ethics Audit

A systematic evaluation of an organization's moral principles and practices to ensure they align with desired standards.

Code of Ethics

A set of principles and guidelines designed to help professionals conduct business honestly and with integrity.

Ethical Dilemma

A situation in which a difficult choice has to be made between two or more morally acceptable or unacceptable alternatives.