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Unformatted text preview: the uses of acquired funds. sub section On a bank's balance sheet, liabilities are the uses of acquired assets. the sources of acquired funds. by definition equal to the bank's assets. all those items of value owned by the bank. sub section For a bank, net worth is equal to the value of the capital originally invested in the bank by its owners. the value of the buildings and other physical assets the bank owns. the value of everything the bank owns. the difference between the value of the bank's assets and the value of its liabilities. sub section Which of the following is NOT a bank liability? Checkable deposits Borrowings from the Federal Reserve CDs Mortgage loans sub section What is the current limit on balances that are covered by federal deposit insurance? $10,000 $1,000,000 $500,000 $250,000...
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This note was uploaded on 08/12/2011 for the course ACCT 620 taught by Professor Smith during the Spring '11 term at Alabama A&M University.
- Spring '11