Which of the following statements is INCORRECT?

Select one:

a.

Mortgage is a form of security that protects banks.

b.

That banks actively issue debt securities is part of their strategic management of liabilities.

c.

When a bank buys a negotiable certificate of deposit from another bank, it is recorded as a liability on its balance sheet.

d.

"Deposits" is a significant category of liabilities of banks.

e.

Bank bills held are assets of banks.

Clear my choice