Referring to a bank's t-account, equity refers to
A) the difference between total assets and total liabilities.
B) the sum of total assets and total liabilities.
C) the ratio of the total assets and total liabilities.
D) none of the above.
A
Economics
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A budget ________ occurs when government expenditures exceed tax revenues for a particular time period
A) deficit B) surplus C) surge D) surfeit
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Borrowing from another country that occurs when the country has a trade deficit and its citizens sell real and financial assets to foreigners is called a capital inflow
Indicate whether the statement is true or false
Economics