On a bank's T-account,which are part of the banks liabilities?
A)both deposits made by its customers and reserves
B)deposits made by its customers but not reserves
C)reserves but not deposits made by its customers
D)neither deposits made by its customers nor reserves

Question

Quizplus · Accepted Answer

Deposits made by customers are liabilities for the bank because the bank owes this money to the depositors. Reserves, on the other hand, are assets for the bank.

On a Bank's T-Account,which Are Part of the Banks Liabilities