Which of the following is classified as an asset for a commercial bank customer?

Question

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Demand deposits are funds held in a bank account that can be withdrawn by the account holder at any time without any notice. These deposits are considered assets for the customer as they represent money that the customer holds in the bank and can access whenever needed.

Option A is a liability for the customer as it represents a debt owed to the bank. Option B is also a liability for the customer as it represents a debt owed to the bank by the customer's business. Option D is an asset for the bank, not for the customer, as it represents the bank's deposits with the Federal Reserve.

Which of the Following Is Classified as an Asset for a Commercial