Which of the Following Accounts Would Not Be Considered an Intangible

question 121

Multiple Choice

Which of the following accounts would not be considered an intangible asset?

• A)Goodwill
• B)Patents
• C)Research and development costs
• D)Trademarks

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Definitions:

Reserves

Vault cash and deposits of banks held by Federal Reserve district banks.

Deposits

Funds placed into an account at a financial institution for safekeeping and often to earn interest.

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulating banks, maintaining financial stability, and providing banking services to governmental institutions.

Board of Governors

The Federal Reserve System’s governing body.