Are Demand Deposits an Asset or a Liability for Banks

question 150

Multiple Choice

Are demand deposits an asset or a liability for banks and depositors?

• A)They are liabilities of banks and assets of depositors.
• B)They are assets of banks and their depositors.
• C)They are liabilities of banks and their depositors.
• D)They are assets of banks and liabilities of depositors.

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Definitions:

Culture

The shared beliefs, customs, practices, and social behavior of a particular nation or people.

Leader

An individual who guides or influences others in a group or organization towards achieving a common goal or vision.

Organizational Leaders

Individuals within an organization who are responsible for setting strategic direction, inspiring and guiding the workforce.

Allocate Rewards

The process of distributing benefits, recognition, or compensation among members of an organization based on their performance, role, or achievements.