Which of the Following Are Reported as Liabilities on a Bank's

question 34

Multiple Choice

Which of the following are reported as liabilities on a bank's balance sheet?

• A)discount loans
• B)cash items in the process of collection
• C)state government securities
• D)all of the above
• E)only B and C of the above

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Definitions:

Utmost Good Faith

A principle that obliges all parties to an insurance contract to act honestly and disclose all relevant facts.

Real Estate Agent

A licensed professional who represents buyers or sellers in real estate transactions, facilitating the process of buying, selling, or renting property.

Duty

A moral or legal obligation; a responsibility that one is bound to perform or fulfill.