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Which of the following is a liability of a bank?

<p>a- Treasury Bills</p> <p>b- Commercial papers,</p> <p>c- Certificate of Deposits</p> <p>d- Junk Bonds</p> <p> </p>

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Question added by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town
Date Posted: 2014/12/10
Lesley Lanag CMA CPA
by Lesley Lanag CMA CPA , Senior Accountant , Takaful Emarat Insurance (P.S.C)

Answer C: Certificate of Deposits. 

 

Treasury bills are promissory notes issued by the national government

Junk bonds are high-risk investment bonds that could yield higher return

Commercial papers are unsecured promissory notes issued by corporations.

Mohammed Salim Allana
by Mohammed Salim Allana , Compliance and Assurance Manager , United Arab Bank

Agreed with most of the answers that CD's issued by banks to its customer is a liability.

Nissam Khalid
by Nissam Khalid , Finance Manager , Saudi Specialized Pipes

C- Certificate of Deposits.  It is a liability on the part of the bank to be returned with specfiic rate of interest on maturity.

Basit Ali
by Basit Ali , Director of Engineering , Laverda Suites & Villas / Blue Bay Resorts

Option C- Certificate of Deposits

Bank issuing this letter upon requirement of employer or to change bank. In this letter all liabilities mentioned by bank. 

Khurrum Iqbal
by Khurrum Iqbal , Accountant , Akun Logistic Services

C Certificate of Deposits

Primary liability of a bank is its deposit base, the certificates of deposits it issues as a proof of its liability towards its customers.

 

mohamed Hakim CMA CPA Candidate
by mohamed Hakim CMA CPA Candidate , Accounting Manager , Andersen saudi arabia

Certificate of deposits 

Answer C

Zubair Jahangir
by Zubair Jahangir , Cost Accountant , Rotana Hotels

Agree with all answers

Certificate of Deposit is the right answer.

Safeer Koyithan Kandy
by Safeer Koyithan Kandy , General Accountant , Hala Trading

C

Malik Khalid Mahmood
by Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

C = Certificate of Deposits ..........................................................................................

Tariq Mehmood
by Tariq Mehmood , Accountant General, Punjan,Lahore Pakistan , Senior Auditor, District Accounts Office, Sheikhupura.

(  C  ) ANSWER

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