Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 1. banks generate their largest portion of income

1. Banks generate their largest portion of income from: Loans. Short-term investment. Demand deposits. Long-term...

70.2K

Verified Solution

Question

Finance

1. Banks generate their largest portion of income from:

Loans.

Short-term investment.

Demand deposits.

Long-term investments.

Certificates of deposit.

unanswered

2. A financial institution's bad-debt reserve, as reported on its balance sheet, is called:

Unearned income or discount

Allowance for possible loan losses

Intangible assets

Customer liability on acceptances

None of the above

unanswered

3. Banks depend heavily upon borrowed funds supplied by customers with little owners' capital invested. This means that banks make heavy use of:

Financial leverage

Capital restructuring

Operating Leverage

Margin borrowing

None of the above.

unanswered

4. When a loan is considered uncollectible, the bank's accounting department will write (charge) it off the books by reducing the ______ and the accounts. Which choice below correctly fills in the blank in the preceding sentence?

PLL and Gross Loans

ALL and Net Loans

ALL and Gross Loans

PLL and Net Loans

None of the above.

unanswered

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

The following account balances were included in the trial balance of Sarasota Corporation at June 30,...

Medical Sciences
1.2K views

10. If a person expressed mutated genes or lost the enzymes used for rearrangement of heavy...

Biology
1.2K views

Which organs in your body can in your body can you live without

Physics
1.2K views

why cant we use centripetal acc v2 2r GM 2R 2 BY THIS 2ND OPTION...

Basic Math
1.2K views

Let T M 2 R be a linear transformation for which 4 18 12 11...

Basic Math
1.2K views

A group of data items and their mean are given 15 25 35 60 90...

Calculus
1.2K views

dy Find by implicit differentiation dx x 3x y y 8 O A OB O...

Calculus
1.2K views

Consider the function f x 1 2x 4 x 1 The absolute maximum value is...

Accounting
1.2K views

The Cookie Company reported total retained earnings at December 31, Year 2 of $98,500. It...

Accounting
1.2K views

Maliyet muhasebesi sistemi nedir? Maliyet muhasebesi sistemi bir iletme iin neden nemlidir? Maliyet muhasebesi sistemi...

Accounting
1.2K views

The inventory was destroyed by fire on December 31. The following data were obtained from...

Accounting
1.2K views

The following information relates to Ponte Manufacturing Company's workers' compensation insurance premiums for 201. On...