Banking Awareness - Basics Of Banking & Banking Terminology
From a bank’s balance sheet perspective, which of the following items is considered an asset?
From a bank’s balance sheet perspective, which of the following items is considered an asset?
easy Q11 of 15
Step-by-Step Solution
Step 1: Identify income-generating items
Assets are items from which the bank earns income.Step 2: Analyse repayment flow
Loans and advances are repaid by customers with interest.Final Answer:
Loans and advances given to customers → Option AQuick Check:
Interest comes to bank from loans, hence asset ✅
Quick Trick: If money comes back to bank with interest → asset.
Common Mistakes:
- Treating customer deposits as bank assets.
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