WAEC Economics 2013 Objective — Question 15
Question 15 of 50 from the West African Examinations Council (WAEC) Economics 2013 Objective paper, with the correct answer and a full explanation.
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Which of the following is an asset of a commercial bank?
- A. Reserve funds
- B. Shareholders' capital
- C. Customers' deposits
- D. Treasury billsCorrect
Explanation
Treasury bills are short-term debt instruments bought by commercial banks. Holding a claim on cash, they are an asset to the banks that keep them.
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