Which of the Following Are Liabilities to a Bank

question 14

Multiple Choice

Which of the following are liabilities to a bank?

• A) Capital stock and reserves
• B) Property and capital stock
• C) Vault cash and demand deposits
• D) Demand and time deposits

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Definitions:

Liability Record

Documentation or entries that list the obligations or debts of a business that it must repay to others.

Exchange Rates

The rate at which one currency can be exchanged for another, affecting the value of foreign currency transactions and financial reporting.

Inventory Purchase

The acquisition of goods or raw materials intended for sale or use in production processes.

Transaction Date

The specific date on which a trade or financial transaction occurs, marking when the obligations for both parties in the transaction are established.