Which of the following is not a Category 1 (Risk Rate = 0%) balance sheet asset?
A) Currency in transit.
B) U.S. Treasury securities.
C) Cash items in the process of collection.
D) Claims unconditionally guaranteed by the U.S. government.
E) All of the above are Category 1 (Risk Rate = 0%) assets.

Question

Quizplus · Accepted Answer

Cash items in the process of collection are not Category 1 (Risk Rate = 0%) assets because they are subject to the risk of non-collection.

Which of the Following Is Not a Category 1 (Risk