Which of the Following Statements About a Checking Deposit Is

question 129

Multiple Choice

Which of the following statements about a checking deposit is TRUE?

• A) It is a liability for both households and banks.
• B) It is an asset for both households and banks.
• C) It is an asset for households but a liability for a bank.
• D) It is a liability for households but an asset for a bank.

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Definitions:

Parents Anonymous

A community-based organization providing support and resources for parents striving to improve their parenting skills and foster better family relations.

Conduct Disorder

A mental disorder diagnosed in childhood or adolescence characterized by a persistent pattern of disruptive and violent behaviors.

Alcohol Abuse

The excessive and harmful consumption of alcohol, leading to addiction, disease, or other severe negative effects on one's health and life.

Physically Abused

Having suffered physical harm or injury inflicted by someone, typically in a context of power imbalance or control.