Refer to the following table when answering the following questions.
Table 10.2: Hypothetical Bank Sheet ($ millions)
-Column A is bank ________ and Column B is bank ________.
A) assets; liabilities
B) liabilities; assets
C) on-balance sheet activity; off-balance sheet activity
D) "shadow" activity; "open air" activity
E) Not enough information is given.

Question

Refer to the following table when answering the following questions.
Table 10.2: Hypothetical Bank Sheet ($ millions) 
-Column A is bank ________ and Column B is bank ________.
A) assets; liabilities 
B) liabilities; assets 
C) on-balance sheet activity; off-balance sheet activity 
D) "shadow" activity; "open air" activity 
E) Not enough information is given.

Quizplus · Accepted Answer

The table is a bank balance sheet, which typically lists assets on the left side (Column A) and liabilities on the right side (Column B). Therefore, the correct choice is A) assets; liabilities.

Refer to the Following Table When Answering the Following Questions