Geographic Diversification Refers to the Spreading Out Credit Accounts and Deposits

question 57

True/False

Geographic diversification refers to the spreading out credit accounts and deposits among a wide variety of customers within a country,including large and small business accounts,different industries,and households with a variety of sources of income and collateral.

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Definitions:

Straight-Line Method

A way of calculating depreciation by evenly spreading the cost of an asset over its useful life.

Resale Value

The projected value at which an asset can be disposed of after its life of usability has ended.

Office Furniture

Items and fixtures used in an office setting to support various work activities and tasks, such as desks, chairs, and file cabinets.

Resale Value

The estimated market value of an asset if sold again in the future, often considered for vehicles, electronics, and properties.