I Have a Checking Account at the Local Bank,and My

question 42

Multiple Choice

I have a checking account at the local bank,and my 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) Both the checking account and the car loan are net worth.

---

Definitions:

Physical Neglect

A form of neglect wherein a caregiver fails to provide necessary physical care to a dependent, including adequate food, clothing, shelter, and medical care.

Emotional Abuse

Emotional abuse is a form of abuse characterized by a person subjecting or exposing another to behavior that can result in psychological trauma, including anxiety, chronic depression, or post-traumatic stress disorder.

Physical Abuse

Harm or injury that is deliberately inflicted on a person's body.

Warning Signs

Indicators or symptoms that suggest the potential for a problem, danger, or illness, often prompting early intervention or caution.