Question : For a bank, the main liability is the ______.
Option 1: deposits
Option 2: economic rent
Option 3: assets
Option 4: loans
Answer (1)
25th Jan, 2024
Correct Answer: deposits
Solution : The correct answer is deposits .
For a bank, the main liability is the "deposits" it holds. Deposits represent the funds that customers place in the bank, which the bank is obligated to repay on demand or according to the terms agreed upon with the depositors.
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