Which of the Following Statements Is False

question 43

Multiple Choice

Which of the following statements is false?

• A) A bank's assets are its uses of funds.
• B) A bank issues liabilities to acquire funds.
• C) A bank's assets provide the bank with income.
• D) Bank capital is an asset on the bank balance sheet.

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Definitions:

Appointed

Selected or designated for a position or duty by an authority, rather than by election or competition.

President

The elected head of a republican state or organization, responsible for executing the laws and leading the executive branch.

Federal Reserve System

The central banking system of the United States, responsible for setting monetary policy and regulating banks.

Established

Refers to an entity or concept that has been in existence for a significant period and is widely recognized or accepted.