Question

Cash equivalent financing:

a) Indicates that the buyer was not typically motivated.

b) Does not affect the price paid for the property.

c) Means that an adjustment is necessary for financing terms.

d) Is not typical of financing terms available in the market.

Answer 1

Money listed as assets on a bank balance sheet may not be physically present in the bank, but represents the bank's claims on loans and investments.

Step-by-step explanation:

When money is listed as an asset on a bank balance sheet, it may not actually be physically present in the bank. This is because banks use the money deposited by customers to make loans and investments, which earn them interest. The money listed as assets represents the bank's claims on these loans and investments. So, while the bank may not have all the deposited money in its physical possession, it has the legal right to claim it as assets.