Which of the Following Is a Liability of a Bank

question 16

Multiple Choice

Which of the following is a liability of a bank and an asset of its customers?

• A)deposits of its customers and loans to its customers
• B)deposits of its customers but not loans to its customers
• C)loans of its customers but not the deposits of its customers
• D)neither the deposits of its customers nor the loans to its customers

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Definitions:

Marxism

A socio-economic ideology which argues that class struggle is a central element in the analysis of social change in Western societies, developed by Karl Marx.

Buddhism

A major world religion or philosophy founded in northeastern India in the 5th century BC, based on the teachings of Siddhartha Gautama, known as the Buddha.

Freedom Summer

A 1964 voter registration drive aimed at increasing the number of registered black voters in Mississippi.