Which of the Following Accounts Is Also Called the Bank's

question 83

Multiple Choice

Which of the following accounts is also called the bank's primary reserves?

• A)Cash and deposits due from banks
• B)Investment securities
• C)Trading account securities
• D)Fed funds sold
• E)None of the options are correct.

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Definitions:

Collect Proceeds

To receive payment or benefits, typically from an insurance policy, investment, or similar financial sources.

Insurance Policy

A contract between an insurer and a policyholder that defines the terms of insurance coverage, including the obligations, liabilities, and benefits.

Fraud

The wrongful or criminal deception intended to result in financial or personal gain.

Insurer

A company that provides financial protection against specific risks to individuals or entities in exchange for premiums.