Asked by
Buttered Toast
on Nov 11, 2024
Verified
Which of the following is an asset to a bank?
A) Checkable deposits
B) Transaction deposits
C) Credit cards
D) Loans
E) Borrowings from the Fed
Checkable Deposits
Bank account balances that can be withdrawn using checks, debit cards, or electronic transfers without restrictions.
- Acquire knowledge about the organization and purpose of bank balance sheets, focusing on assets and liabilities.
Verified Answer
BN
Learning Objectives
- Acquire knowledge about the organization and purpose of bank balance sheets, focusing on assets and liabilities.