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WAEC Commerce 2004 Question 29

Question 29

Banking

The liquid assets of commercial banks are

  1. A.treasury bills, bills of exchange and cash
  2. B.cash, current account and other money-bearing assets
  3. C.deposit accounts and cash
  4. D.cash only
Show the answer and explanation

Answer: A (treasury bills, bills of exchange and cash)

Explanation

A bank's liquid assets are cash and near-cash assets such as treasury bills and bills of exchange.