Which of the Below Statements Is TRUE

Multiple Choice

Which of the below statements is TRUE?

A) For Type-II Liabilities, both the amount and the timing of the liabilities are known with certainty
B) By the liabilities of a financial institution, we mean the amount and timing of the cash outlays that must be made to satisfy the contractual terms of the obligations issued.
C) When we refer to a cash outlay as being uncertain, we mean that it cannot be predicted.
D) Type-I Liabilities, the amount of cash outlay is known, but the timing of the cash outlay is uncertain.