Multiple Choice
Customer loans are classified on a DI's balance sheet as:
A) liabilities, because the customer may default on the loan
B) assets, because the DI earns servicing fees on the loan
C) liabilities, because the DI must transfer funds to the borrower at the initiation of the loan
D) assets, because DIs originate and monitor loan portfolios
Correct Answer:
Verified
Correct Answer:
Verified
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