Which of the following are liabilities to a bank?
A) Capital stock and reserves
B) Property and capital stock
C) Vault cash and demand deposits
D) Demand and time deposits

Question

Quizplus · Accepted Answer

Demand and time deposits are liabilities to a bank because the bank owes the depositors the money deposited with them. Choices A, B, and C are assets to a bank as they represent the resources owned by the bank.

Which of the Following Are Liabilities to a Bank