In 2016, ____________ was(were) the most significant financial asset(s) of U.S. commercial banks in terms of total value.
A) loans and leases
B) cash
C) real estate
D) deposits
E) investment securities

Question

Quizplus · Accepted Answer

Loans and leases are typically the main sources of revenue for commercial banks and make up a significant portion of their balance sheet. In 2016, according to the Federal Reserve, loans and leases were the largest financial asset for U.S. commercial banks, representing over 48.6% of their total assets. Therefore, A) loans and leases are the most significant financial asset(s) of U.S. commercial banks in terms of total value.

In 2016, ____________ Was(were) the Most Significant Financial Asset(s) of U.S