A Bank's Largest Liability Is Its

question 80

Multiple Choice

A bank's largest liability is its

• A) short-term borrowing.
• B) long-term debt.
• C) deposits.
• D) securities.

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Definitions:

Tariffs

Taxes or duties imposed on imported goods to make them more expensive compared to domestic goods, often used to protect local industries.

Trade Balance

The difference in value between a country's imports and its exports; a surplus indicates more exports than imports, and a deficit the opposite.

Currency

The paper bills and coins in the hands of the public.

Open-Economy Macroeconomic Model

A framework used in economics to analyze and understand the behaviors and interactions of economies that engage in international trade and finance.