20-17 The book value of bonds and loans reflects the market value of those assets when they were placed on the books of an FI.

Name: 20-17 The book value of bonds and loans reflects the market value of those assets when they were placed on the books of an FI.
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The book value of bonds and loans is recorded at their market value at the time they are initially recognized on the financial institution's books.

20-17 the Book Value of Bonds and Loans Reflects the Market