On a T-Account for a Bank

question 39

Multiple Choice

On a T-account for a bank,

• A) reserves and deposits are both assets.
• B) reserves are assets and deposits are liabilities.
• C) deposits are assets and reserves are liabilities.
• D) reserves and deposits are both liabilities.

---

Definitions:

Methanol

A simple alcohol with the formula CH3OH, used as a solvent and as an antifreeze in fuel.

Products

The outcomes or substances resulting from a chemical reaction, which can be different in physical and chemical properties from the reactants.

Kinetic Control

A condition in which the rate at which reactants are converted into products determines the predominant product, influenced by factors like temperature and reaction time.

HBr

A corrosive, gaseous compound used in the production of inorganic and organic bromine compounds and as a catalyst in some types of chemical reactions.