Which of the following would be considered a liability on a bank's balance sheet?
A)Deposits
B)Loans
C)The bank's required reserves
D)Any excess reserves

Question

Quizplus · Accepted Answer

Deposits are considered a liability on a bank's balance sheet.
Key Takeaway: A deposit is basically putting money into a current bank account. The deposit is recorded on the bank's books and the resulting balance is considered a liability for the bank, representing the amount owed to the customer by the bank.

Which of the Following Would Be Considered a Liability on a Bank's