Question
When a commercial bank discounts a negotiable certificate of deposit, it is recorded as _______________ on its balance sheet. a.shareholders equity b.a liability c.an off-balance
When a commercial bank discounts a negotiable certificate of deposit, it is recorded as _______________ on its balance sheet.
a.shareholders equity
b.a liability
c.an off-balance sheet item
d.loan capital
e.an asset
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Financial Management In The Sport Industry
Authors: Matthew T. Brown, Daniel A. Rascher, Mark S. Nagel, Chad D. McEvoy
3rd Edition
0367321211, 978-0367321215
