A Category of Assets for Banks Is Cash Items in the Process

question 107

Multiple Choice

A category of assets for banks is cash items in the process of collection.This is:

• A)Uncollected funds the bank is due to receive from the clearing of checks
• B)Currency the bank is due from the Treasury
• C)Late fees the bank is owed from loan payments that were not made on time
• D)Payments from the FDIC insurance fund due the bank

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