A Checking Deposit in a Bank Is Considered _______ of That

question 29

Multiple Choice

A checking deposit in a bank is considered _______ of that bank.

• A) an asset
• B) owners' equity
• C) a liability
• D) capital

---

Definitions:

Herring

A small, silver-colored fish commonly found in the temperate waters of the North Atlantic, a significant source of food globally.

Opportunity Cost

The cost of an alternative that must be forgone in order to pursue a certain action or in the context of making a decision.

Cell Phones

Portable telecommunications devices that allow users to make voice calls, send text messages, and access various digital services.

Herring

A type of fish that is widely used for food and is important in many cultural dishes.