Examlex

Solved

Which of the Following Is a Bank Liability

question 48

Multiple Choice

Which of the following is a bank liability?


Definitions:

Loan Payment

The amount paid periodically to the lender of a loan, which includes both principal and interest.

Interest

The charge for borrowing money or the payment received for depositing money, typically expressed as an annual percentage rate.

Interest Annually

The payment received or paid out for the use of money on a yearly basis.

Principal Due

The amount of the original loan or bond issue that is still owed, excluding interest payments.

Related Questions