Banking Awareness - Basics Of Banking & Banking Terminology
Which item appears on the asset side because it generates interest income for the bank?
Which item appears on the asset side because it generates interest income for the bank?
easy Q3 of 15
Step-by-Step Solution
Step 1: Identify interest source
Banks earn interest from lending activities.Step 2: Match with correct item
Loans and advances bring interest income.Final Answer:
Loans and advances → Option CQuick Check:
Interest flows to bank from loans ✅
Quick Trick: Interest income = asset item.
Common Mistakes:
- Selecting deposits which earn interest for customers.
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