One Aspect of Bank Accounting Is That Many Liabilities of Banks

question 4

Multiple Choice

One aspect of bank accounting is that many liabilities of banks are

• A)assets of other persons and businesses in the economy.
• B)also liabilities of other persons and businesses in the economy.
• C)not matched by liabilities of most other banks.
• D)not actually owed to any other person or business in the economy.

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Definitions:

Friction

The friction experienced by one object or surface as it moves across another.

Serosanguineous Drainage

A type of wound discharge that is pale, red, and contains both clear serous fluid and red, bloody fluid.

Plasma

The liquid component of blood, which is a pale yellow fluid that carries blood cells and substances like nutrients and hormones throughout the body.

Red Cells

Erythrocytes or red blood cells are responsible for carrying oxygen from the lungs to the body's tissues and carbon dioxide from the tissues back to the lungs.