A liability is:
A) having wronged someone and being held responsible in court.
B) a requirement to pay in the future.
C) the inability to perform an agreed task.
D) the requirement that banks offer insurance to depositors.
Correct Answer:
Verified
Q139: From the standpoint of economic growth, banks
Q194: A risk-averse person:
A) considers any risk unacceptable.
B)
Q195: Which item qualifies as an asset from
Q197: The main role of financial systems is
Q198: The value of all accumulated savings of
Q200: A financial asset is:
A) a physical asset
Q201: Which asset is the MOST liquid?
A) a
Q202: The term liquidity means that the:
A) asset
Q203: Which asset is the MOST liquid?
A) currency
B)
Q204: An illiquid asset:
A) cannot be sold.
B) provides
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