Which of the following statements is true?   Question 30 options:   a)  A bank’s balance sheet shows that total assets equal total liabilities plus equity capital.   b)  A bank’s balance sheet indicates whether or not the bank is profitable.   c)  A bank’s liabilities are its uses of funds.   d)  A bank’s assets are its sources of funds.

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
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Chapter12: Money, Banking And The Financial System
Section: Chapter Questions
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30.

Which of the following statements is true?

 

Question 30 options:

 

a) 

A bank’s balance sheet shows that total assets equal total liabilities plus equity capital.

 

b) 

A bank’s balance sheet indicates whether or not the bank is profitable.

 

c) 

A bank’s liabilities are its uses of funds.

 

d) 

A bank’s assets are its sources of funds.

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