Explain liabilities and assets as they relate to a bank's balance sheet
What will be an ideal response?
Liabilities are the source of funds for a bank. Included in a bank's liabilities are deposits in the bank and owner's equity. Assets are the uses of the funds of a bank. Assets generate income for a bank. A bank's assets include its loans and reserves.
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The quantity theory of money assumes a constant ratio of ________
A) money demand to money supply B) money supply to nominal GDP C) money supply to real GDP D) real GDP to nominal GDP
International trade was not important to the industrializing U.S. since it was relatively rich in raw materials and land
Indicate whether the statement is true or false
A lump-sum tax does not produce a deadweight loss
a. True b. False Indicate whether the statement is true or false
The FAIR Act represented a major departure from previous farm programs by ________ program benefits from planting decisions
Fill in the blank(s) with correct word