Information typically confirmed on liabilities to the bank would NOT include:
A) interest rate.
B) the existence of security included on the confirmation form.
C) loans beyond those included on the confirmation form.
D) all of the above

Question

Quizplus · Accepted Answer

Liabilities would only include loans or lines of credit confirmed on the confirmation form, so any loans beyond those listed would not be included as a liability to the bank. The interest rate and existence of security included on the confirmation form would be confirmed as part of the liability verification process.

Information Typically Confirmed on Liabilities to the Bank Would NOT