The largest liability on the balance sheet of most banks is its
A) loans.
B) holdings of securities.
C) deposits with the Federal Reserve.
D) checking account and savings account deposits of its customers.
E) vault cash.
Answer: D
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Which of the following statements is true?
A) Social planners are only concerned with efficiency and not equity. B) Social planners are only concerned with equity and not efficiency. C) To some, efficiency means an even distribution of goods across society. D) To some, equity means an even distribution of goods across society.
A firm that is producing the quantity at which marginal cost exceeds both average total cost and the market price will increase its economic profit by _______
A. producing a larger quantity B. raising the price to equal marginal cost C. producing a smaller quantity D. producing the quantity that minimizes average total cost