American_Bankers_Association
CTFA · Question #12
An excess amount of expense over income resulting in insufficient funds as well as in decreased net value is called:
The correct answer is A. Cash deficit. See the full explanation below for the reasoning.
Fiduciary and Trust Activities
Question
An excess amount of expense over income resulting in insufficient funds as well as in decreased net value is called:
Options
- ACash deficit
- BLimited Liability
- CCash basis
- DNet worth
How the community answered
(34 responses)- A79% (27)
- B6% (2)
- C3% (1)
- D12% (4)
Topics
#cash deficit#expense management#net value
Community Discussion
No community discussion yet for this question.