Which of the Following Is a Liability for a Bank

question 16

Multiple Choice

Which of the following is a liability for a bank?

• A)U.S.government securities owned by the bank
• B)Deposits with the Fed
• C)Checkable deposits
• D)Consumer and business loans
• E)Building and furniture owned by the bank

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Definitions:

Materials

The raw substances or components used in the manufacturing process to create a finished product.

Equivalent Units

A concept in cost accounting used to allocate costs to units of production when a process involves partial completion of units at the end of an accounting period.

Materials

Substances or components that are used in the manufacturing or production process to create finished goods.

Processing Department

A section within a manufacturing facility where a specific type of work or processing takes place.