Post Utme Lasu 2021 Commerce Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Lasu Commerce examination.

Post Utme Lasu 2021 Commerce Objective / Multiple Choice

Question 35 POST_UTME_LASU • 2021 • COMMERCE • objective

A bank's balance sheet provides a snapshot of its financial position at a specific point in time. Which of the following is NOT a characteristic of a bank's balance sheet?

A. A bank's balance sheet typically includes assets, liabilities, and equity.

B. A bank's balance sheet typically includes only assets and liabilities.

Correct Answer C. A bank's balance sheet typically includes only equity and liabilities.

D. A bank's balance sheet typically includes only assets and equity.

Correct Answer

Correct Option:

A bank's balance sheet typically includes only equity and liabilities.

This is Post Utme Lasu 2021 Commerce Question 35. It is one of the objective questions from the 2021 Post Utme Lasu Commerce examination.

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