Dominic Has a Checking Account at the Local Bank,and His

question 28

Multiple Choice

Dominic has a checking account at the local bank,and his sister has a car loan at the same bank.How does each of these appear on the bank's balance sheet?

• A) The checking account is a liability, and the car loan is an asset.
• B) The checking account is an asset, and the car loan is a liability.
• C) Both the checking account and the car loan are assets.
• D) Both the checking account and the car loan are liabilities.
• E) The car loan is a liability, but more information is needed about the checking account to determine if it is an asset or a liability.

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Definitions:

Polysaccharides

Complex carbohydrates composed of long chains of monosaccharide units bound together by glycosidic linkages.

Proteoglycan

A component of the extracellular matrix in connective tissues, consisting of a core protein and one or more covalently attached glycosaminoglycan (GAG) chains.

Protein Core

The Protein Core is the central structural component or backbone of a larger molecule, such as a glycoprotein, which is crucial for its biological function and stability.

Tendons

Strong, flexible fibrous connective tissue that connects muscles to bones, transmitting the force created by the muscle into movement of the bone.