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

---

Definitions:

Totems

Objects, symbols, or animals revered or considered sacred by a group, especially in indigenous or tribal societies, representing clan or group identity.

William James

A pioneering American psychologist and philosopher, recognized for his contributions to pragmatism and the philosophy of religion, as well as for being a founder of functional psychology.

Human Response

encompasses the various reactions and adaptations individuals or groups exhibit in response to environmental, social, psychological, or physical stimuli.

Death

The cessation of all biological functions that sustain a living organism, marking the end of life.