Which of the Following Is Considered a Liability to a Bank

question 173

Multiple Choice

Which of the following is considered a liability to a bank?

• A) time deposits
• B) reserves
• C) the bank's loans
• D) the bank's buildings and equipment

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Definitions:

Assessments

Evaluations or appraisals of property, performance, or ability for the purpose of taxation or determining value.

Tangible Assets

Physical assets that hold value, such as machinery, buildings, and vehicles.

Maintenance Costs

Expenses associated with the upkeep and repair of property, equipment, or machinery to ensure their proper functioning and efficiency.

Acquisition Cost

The total cost associated with purchasing an asset, including the purchase price and any additional expenses necessary to bring the asset to a usable state.