Losses · Question 6 of 12
What does a German bank do with losses from selling securities?
1 answer is correct. Easy
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Answer
- C It offsets them against gains and carries any remainder forward
Explanation
The bank keeps loss offset pots. Losses are offset against gains in the same year, and any remainder is automatically carried forward to the following year. On request, the bank issues a loss certificate so that the losses can be offset against gains at another bank.