A Bank's Liabilities Are

question 124

Multiple Choice

A bank's liabilities are

• A)things owned by or owed to the bank.
• B)things the bank owes to someone else.
• C)a measure of the bank's net losses.
• D)included as part of the bank's reserves.

---

Definitions:

Delivery Equipment

Assets such as trucks and vans that are used by a business to transport products to customers.

Buildings

Physical structures owned by a business or entity used for operations, manufacturing, or office space.

Modified Accelerated Cost Recovery System (MACRS)

A method of depreciation in the United States that allows for a faster write-off of asset value for tax purposes.

Depreciation Method

A systematic approach to allocate the cost of a tangible asset over its useful life, reflecting the asset's wear and tear, decay, or decline in value.