The Local Branch of the Universal Bank System (UBS)receives Money

question 10

Multiple Choice

The local branch of the Universal Bank System (UBS) receives money from some of its customers as deposits and lends it to other customers as loans.Which of the following would be true about UBS's financial statements?

• A)UBS reports customers' deposits as assets and customers' loans as liabilities.
• B)UBS reports both customers' deposits and customers' loans as assets.
• C)UBS reports customers' deposits as liabilities and customers' loans as assets.
• D)UBS reports both customers' deposits and customers' loans as liabilities.

---

Definitions:

New England

A region in the northeastern United States comprising six states (Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont), known for its colonial history and natural beauty.

Healthier Surroundings

Environments or settings that are conducive to good health, often characterized by clean air, water, and access to green spaces.

Puritan Marriages

Marriages within the Puritan community that emphasized mutual respect, piety, and companionship, guided by religious and moral principles of the 16th and 17th centuries.

Reciprocal Affection

Mutual feeling of love or fondness between two or more individuals or entities.