Which of the items below are typically ASSETS for a commercial bank? (Select all that apply; three of the answers below are correct) reference: chapters 11 & 12 Customer Deposits (such as checking & savings accounts) Investment Securities (such as treasury bonds & money market securities) Vault Cash & Deposits at the Federal Reserve Customer Loans (such as mortgages or small business loans) Borrowed Funds (such as short-term borrowing from other banks, or from the Federal Re

Which of the items below are typically ASSETS for a commercial bank? (Select all that apply; three of the answers below are correct) reference: chapters 11 & 12 Customer Deposits (such as checking & savings accounts) Investment Securities (such as treasury bonds & money market securities) Vault Cash & Deposits at the Federal Reserve Customer Loans (such as mortgages or small business loans) Borrowed Funds (such as short-term borrowing from other banks, or from the Federal Re

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 16MC: Which of the following are found on the bank side of the bank reconciliation? A. NSF check B....

See similar textbooks

Similar questions

Prepare the journal entry to reconcile the bank statement in EB7.
Leann Company received the following bank statement. Using the information from PB11 and PB12, prepare the bank reconciliation.
Which of the items below are typically LIABILITIES for a commercial bank?(Select all that apply; two of the answers below are correct.) Reference: Chapters 11 & 12 Investment Securities (such as treasury bonds & money market securities) Vault Cash & Deposits at the Federal Reserve Customer Deposits (such as checking or savings accounts) Borrowed Funds (such as short-term borrowing from other banks, or from the Federal Reserve) Customer Loans (such as mortgages or small business loans)
What are the four major categories of assets on a commercial bank’s balance sheet and income statement? What is between core deposits and purchased funds and how does this transactions work?
According to IAS 32 Financial Instruments: Presentation, which of the following could be classified as financial assets? Bank overdraft Cash at bank Inventories A current asset investment A forward contract
The major assets on a commercial bank's balance sheet include 0 0 0 0 checkable deposits, securities, loans, and vault cash. reserves, securities, loans, and vault cash. reserves, checkable deposits, loans, and vault cash. reserves, securities, loans, and checkable deposits. The major liabilities on a commercial bank's balance sheet are Oloans. Ocheckable deposits. Ovault cash. O reserves.
Choose the function and service of a bank in which Bank Purchases and sells securities, shares and debentures on behalf of their customers. a. Miscellaneous Functions of the banks b. Discounting of Bills of Exchange c. Investment of Funds d. Agency Functions
Which are liabililies to a bank? Select one: a. Vault cash and demand deposits O b. Demand and time deposits c. Capital stock and reserves d. Property and capital stock Clear my choice
in terms of bank balance sheets which of the following is correct? Bank assets represent the sources of bank funds bank liabilities represent the uses of bank funds bank capital is the difference between a bank's assets and its liabilities all of the above none of the above
A bank has the following balance sheet: Assets Liabilities Cash 100 Deposits 600 Government bonds 100 Long term debt 185 Secured mortgages 200 Common Equity 15 Commercial loans 400 All questions are for Basel U. a) Calculate risk weighted assets. b) Does the bank satisfy capital requirements under Basel I? If the bank does not satisfy the requirement, what should it do? Give two examples and show your calculations.
Match up the following statements and answers. An answer may be used more than once. Whose liabilities are bank notes held by the general public? Choose... Whose assets are reserves with the central bank? Choose... For households a home mortgage is a Choose... for commercial banks a home mortgage is a Choose... for commercial banks a deposit held by the general public Choose... is a for a corporation a bank loan is a Choose... an example of a household's tangible assets is a Choose... if I borrow money using my house as collateral this is a v Choose... mortgage, an asset of a commercial bank the central bank liability house asset mortgage, a liability of a commercial bank commercial banks
Which of the following are common POSITIVE bank covenants? Indicate ALL that apply. Achieve a certain threshold in certain financial ratios Partake in certain M&A Pay cash dividends over a certain amount or predetermined threshold Borrow more debt Provide yearly audited financial statements