Which of the following is an asset of the bank ? A. Banks building and furniture B. Loans given to…
On a commercial bank's balance sheet, physical property (bank buildings and furniture, A), loans and advances extended to the public (B), and cash/statutory reserves held in…
Choose your answer
Which of the following is an asset of the bank ?
A. Banks building and furniture
B. Loans given to public
C. Reserves of bank
Answer and explanation
Correct answer D
On a commercial bank's balance sheet, physical property (bank buildings and furniture, A), loans and advances extended to the public (B), and cash/statutory reserves held in vaults or with the Central Bank (C) are all assets of the bank (whereas deposits are liabilities).
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RPSC School Lecturer (School Education)