The following question are based on the following changes in the balance sheet of Nowhere National Bank.

-Which letter best indicates the change in the balance sheet of this bank after completion of a loan?
A) a
B) b
C) c
D) d
E) e

Question

The following question are based on the following changes in the balance sheet of Nowhere National Bank.

-Which letter best indicates the change in the balance sheet of this bank after completion of a loan?
A) a 
B) b 
C) c 
D) d 
E) e

Quizplus · Accepted Answer

Loans are assets, and when a loan is made, the bank's assets increase.

The Following Question Are Based on the Following Changes in the Balance