The amount of checks debited against New York banks in October 1982 was 39.27 trillion, which was 42% of the aggregate amount of checks of all the insured banks that month.
A. Right
B. Wrong
C. Doesn't say
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Before a bank issues a bond for the exporter, the issuer and the applicant should have some kind of agreement in ______ form.
A. verbal
B. written.
C. bond
D. L/C
Government securities would appear on a commercial bank's balance sheet as ______.
A. an asset
B. reserves
C. part of net worth
D. a liability
(46)
A. profit
B. capital
C. income
D. cash
Foreign exchange is convertible currency but foreign to the holder.
A. Right
B. Wrong
C. Doesn't say