All of the Following Financial Securities Are Considered 'Uses of Funds

question 13

Multiple Choice

All of the following financial securities are considered 'uses of funds' by banks except:

• A) commercial bills.
• B) credit cards.
• C) certificates of deposit.
• D) overdrafts.

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Definitions:

International Laws

Laws agreed on by nations; these laws are binding on nations and supersede their national laws.

Supersede

To replace or displace something in favor of something more recent or more effective.

Supreme Leader

A title often used to describe the highest-ranking individual in certain governments or organizations, possessing ultimate authority over decisions and policies.

Socialist Economic System

A socio-economic structure where production and distribution of goods are controlled by the state, aiming for equal wealth distribution.