Which of the Followings Is NOT a Bank's Assets

question 1

Multiple Choice

Which of the followings is NOT a bank's assets?

• A)reserves
• B)loans
• C)government bonds
• D)checkable deposits

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Definitions:

Bad Faith

The intention to deceive or act unfaithfully, often referring to malicious intent or failure to fulfill legal obligations.

Chapter 7 Petition

A legal document filed to initiate bankruptcy proceedings under Chapter 7, leading to the liquidation of a debtor's non-exempt assets to pay creditors.

Homestead Exemption

A legal provision that protects a portion of a homeowner's value in their primary residence from creditors and property taxes.

Liens

Legal claims or rights against property or assets to secure the payment of a debt or obligation.