The largest liability on the balance sheet of most banks is its
A) holdings of securities.
B) loans.
C) checking account and savings account deposits of its customers.
D) deposits with the Federal Reserve.
E) vault cash.
C
Economics
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As a result of the large surpluses following the Clinton Administration, what did President George W. Bush do in 2001, which reduced the surplus?
A) lowered the interest rate to stimulate spending B) increased government spending C) made substantial cuts in taxes D) raised the interest rate to reduce spending
Economics
The AFL and CIO merged because it was thought that
A) organized labor would grow faster as a result. B) union pension funds would shrink as a result. C) strikes could be averted. D) managers would be more sympathetic to unions.
Economics