The balance sheet's purpose is to show the total capital figure the owner has invested

In general, banks would prefer to meet deposit outflows by ________ rather than ________

A) selling loans; selling securities B) selling loans; borrowing from the Fed C) borrowing from the Fed; selling loans D) "calling in" loans; selling securities

A(n) ________ is a trust established to transfer assets to your children, while allowing the surviving spouse access to funds in the trust, if necessary. Trust assets are distributed to the children tax free upon the death of the surviving spouse

A) family trust B) revocable living trust C) irrevocable living trust D) pre-probate trust