Final answer:
The missing word in the student's question is 'short-term liabilities,' which are financial obligations due within one year and are reported on the balance sheet along with long-term liabilities.
Step-by-step explanation:
Commonly, notes to the financial statement are included that discuss both long-term and short-term liabilities. Short-term liabilities are those financial obligations that a company is expected to pay within one year. They are a key part of a company's balance sheet, which is an accounting tool listing assets and liabilities.
Other elements on a balance sheet include bank capital, which represents a bank's net worth, and coins and currency in circulation, which are the coins and bills that circulate in an economy but are not held by the U.S. Treasury, the Federal Reserve Bank, or in bank vaults.
An asset-liability time mismatch occurs when customers can withdraw a bank’s liabilities in the short term while customers repay its assets in the long term, which is an important consideration for financial stability.