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Prepayment of loans may be initiated by a. bank regulators b. bank auditors c. the central bank d. borrowers and lenders   If a bank has a return on assets of 1% and a ratio of equity to assets of 5%, its return on equity will be: a. 20% b. none of the above. c. 25% d. 5%   The principal distinction between a credit card and a debit card is that a. credit cards may be used to buy goods and services b. debit cards are used in lieu of check overdrafts c. debit cards do not extend beyond the bank balance d. credit cards are made of plastic and have customer information imbedded on a magnetic strip   Written loan policies should contain a. information about credit limits b. information about insider borrowing c. all of the above d. information about loan supervision

Prepayment of loans may be initiated by a. bank regulators b. bank auditors c. the central bank d. borrowers and lenders   If a bank has a return on assets of 1% and a ratio of equity to assets of 5%, its return on equity will be: a. 20% b. none of the above. c. 25% d. 5%   The principal distinction between a credit card and a debit card is that a. credit cards may be used to buy goods and services b. debit cards are used in lieu of check overdrafts c. debit cards do not extend beyond the bank balance d. credit cards are made of plastic and have customer information imbedded on a magnetic strip   Written loan policies should contain a. information about credit limits b. information about insider borrowing c. all of the above d. information about loan supervision

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter5: Sales And Receivables
Section: Chapter Questions
Problem 93.2C
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Prepayment of loans may be initiated by
a.
bank regulators
b.
bank auditors
c.
the central bank
d.
borrowers and lenders
 
If a bank has a return on assets of 1% and a ratio of equity to assets of 5%, its return on equity will be:
a.
20%
b.
none of the above.
c.
25%
d.
5%
 
The principal distinction between a credit card and a debit card is that
a.
credit cards may be used to buy goods and services
b.
debit cards are used in lieu of check overdrafts
c.
debit cards do not extend beyond the bank balance
d.
credit cards are made of plastic and have customer information imbedded on a magnetic strip
 
Written loan policies should contain
a.
information about credit limits
b.
information about insider borrowing
c.
all of the above
d.
information about loan supervision
 
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