Answered: What is the primary asset of any bank?…

What is the primary asset of any bank? Select an answer: checking and savings accounts investments accounts receivable real estate

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter4: Managing Your Cash And Savings

Section: Chapter Questions

Problem 3LO

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Question

What is the primary asset of any bank?

Select an answer:

checking and savings accounts
investments
accounts receivable
real estate

Definition Definition Money that the business will be receiving from its clients who have utilized the credit provided to buy its goods and services. The credit period typically lasts for a short term, lasting from a few days, a few months, to a year.

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