Which of the Following Statements Is True

question 40

Multiple Choice

Which of the following statements is true?

• A)Banks get a tax-shelter against the cost of write-offs.
• B)The cost of a write-off is increased by a tax shelter.
• C)If losses exceed a bank's loan loss reserves, the bank is likely to use its liquidity holdings as its next line of defence.
• D)All of the listed options are correct.

---

Definitions:

Conservation

In cognitive development, the understanding that an object's or substance's quantity does not change despite changes in its shape or form.

Symbolism

The use of symbols to represent ideas or qualities, often found in literature, art, and religion, to convey complex concepts through something tangible or visual.

Sensorimotor

A developmental stage in infants and toddlers, where they explore and understand the world primarily through sensory experiences and motor activities.

Preoperational

Refers to the stage in Jean Piaget's theory of cognitive development where children from 2 to 7 years old engage in symbolic play and struggle with logic and taking the perspective of others.